Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 13.7% – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares dropped 13.7% during mid-day trading on Tuesday . The company traded as low as $8.59 and last traded at $8.66. Approximately 1,432,751 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 7,751,328 shares. The stock had previously closed at $10.03.

Analysts Set New Price Targets

USAS has been the subject of a number of recent analyst reports. HC Wainwright reissued a “buy” rating and set a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Finally, TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $7.29 and a 200 day simple moving average of $5.07. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -36.50 and a beta of 0.53.

Institutional Trading of Americas Gold and Silver

A number of large investors have recently modified their holdings of USAS. NewGen Equity Long Short Fund bought a new position in Americas Gold and Silver in the 2nd quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Americas Gold and Silver in the 2nd quarter valued at approximately $10,574,000. Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $9,954,000. Polar Asset Management Partners Inc. bought a new stake in Americas Gold and Silver during the 4th quarter valued at $12,999,000. Finally, Alps Advisors Inc. boosted its position in Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after acquiring an additional 2,267,956 shares during the period. 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 precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.