Traders Buy High Volume of Call Options on Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the recipient of some unusual options trading activity on Friday. Traders purchased 24,729 call options on the stock. This represents an increase of 449% compared to the average daily volume of 4,506 call options.

Institutional Trading of Americas Gold and Silver

Several large investors have recently bought and sold shares of the business. K.J. Harrison & Partners Inc raised its stake in shares of Americas Gold and Silver by 275.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 241,856 shares of the company’s stock valued at $1,242,000 after acquiring an additional 177,500 shares during the period. Alps Advisors Inc. boosted its position in shares of 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 purchasing an additional 2,267,956 shares during the period. U S Global Investors Inc. boosted its position in shares of Americas Gold and Silver by 210.3% during the 4th quarter. U S Global Investors Inc. now owns 1,800,000 shares of the company’s stock worth $9,237,000 after purchasing an additional 1,220,000 shares during the period. Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver in the 1st quarter valued at approximately $2,861,000. Finally, UBS Group AG increased its holdings in Americas Gold and Silver by 82.4% in the 4th quarter. UBS Group AG now owns 1,559,903 shares of the company’s stock valued at $7,971,000 after purchasing an additional 704,709 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Price Performance

Shares of Americas Gold and Silver stock traded down $0.18 during trading hours on Friday, reaching $4.28. 2,947,148 shares of the company’s stock were exchanged, compared to its average volume of 6,078,799. The business has a fifty day moving average of $5.56 and a two-hundred day moving average of $6.38. The company has a market capitalization of $1.44 billion, a P/E ratio of -19.48 and a beta of 0.91. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. Americas Gold and Silver has a 1 year low of $2.18 and a 1 year high of $10.50.

Analysts Set New Price Targets

USAS has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. HC Wainwright reissued a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $9.75.

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.