Americas Gold and Silver (NYSEAMERICAN:USAS) Hits New 52-Week High – Should You Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares hit a new 52-week high on Tuesday . The stock traded as high as $5.95 and last traded at $5.80, with a volume of 4405166 shares changing hands. The stock had previously closed at $5.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on USAS shares. Desjardins started coverage on shares of Americas Gold and Silver in a report on Friday, September 26th. They issued a “buy” rating for the company. HC Wainwright reissued a “buy” rating and issued a $4.90 target price (up previously from $3.40) on shares of Americas Gold and Silver in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $4.90.

Americas Gold and Silver Price Performance

The stock has a market capitalization of $1.48 billion, a PE ratio of -20.77 and a beta of 0.66. The firm’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $3.19. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Americas Gold and Silver by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Americas Gold and Silver during the third quarter valued at approximately $42,000. Baader Bank Aktiengesellschaft bought a new stake in Americas Gold and Silver during the second quarter valued at approximately $46,000. B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver during the second quarter valued at approximately $46,000. Finally, Gabelli Funds LLC raised its position in Americas Gold and Silver by 50.0% in the third quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $56,000 after acquiring an additional 5,000 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.