Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Falls 9% – Here’s Why

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares dropped 9% during mid-day trading on Thursday. The stock traded as low as $3.28 and last traded at $3.2750. 910,665 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 5,369,473 shares. The stock had previously closed at $3.60.

Analyst Upgrades and Downgrades

Several research firms have commented on USAS. Zacks Research lowered shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Stifel Nicolaus started coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating on the stock. National Bank Financial started coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They set an “outperform” rating for the company. Finally, HC Wainwright reissued a “buy” rating and set a $9.25 target price on shares of Americas Gold and Silver in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -16.16 and a beta of 0.96. The firm has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $5.09.

Hedge Funds Weigh In On Americas Gold and Silver

Several hedge funds have recently made changes to their positions in the company. U S Global Investors Inc. purchased a new stake in Americas Gold and Silver in the 3rd quarter worth $11,397,000. Brookstone Capital Management acquired a new stake in shares of Americas Gold and Silver in the third quarter valued at about $46,000. AA Financial Advisors LLC purchased a new position in shares of Americas Gold and Silver in the third quarter worth about $252,000. TD Waterhouse Canada Inc. acquired a new position in Americas Gold and Silver during the third quarter worth about $166,000. Finally, SLT Holdings LLC acquired a new position in Americas Gold and Silver during the third quarter worth about $123,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.