Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Down 7.4% – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price dropped 7.4% on Tuesday. The stock traded as low as $3.03 and last traded at $3.0450. 867,884 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 5,321,854 shares. The stock had previously closed at $3.29.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. National Bank Financial initiated coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They issued an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a report on Wednesday, October 14th. They issued a “buy” rating on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a report on Tuesday, October 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Stock Down 2.0%

The firm has a market cap of $1.00 billion, a PE ratio of -15.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The firm’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $5.53.

Hedge Funds Weigh In On Americas Gold and Silver

Several large investors have recently bought and sold shares of USAS. Alps Advisors Inc. purchased a new position in shares of Americas Gold and Silver during the third quarter worth about $27,261,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after purchasing an additional 3,813,582 shares during the last quarter. U S Global Investors Inc. purchased a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at about $11,397,000. Gabelli Funds LLC lifted its holdings in shares of Americas Gold and Silver by 14,000.0% in the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after purchasing an additional 2,100,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Americas Gold and Silver in the 1st quarter valued at about $5,468,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a mining company focused on the exploration, development and production of precious and base metals. Its products include silver, lead, zinc, copper and gold. The company operates the Galena Complex in Idaho, where its mines produce silver and associated metals, and the Cosalá Operations in Sinaloa, Mexico, which include the San Rafael mine. Its activities span both the United States and Mexico. Americas Gold and Silver was formed in 2019 through the combination of Americas Silver Corporation and Pershing Gold Corporation.