Americas Gold and Silver (NYSEAMERICAN:USAS) Trading Up 15.8% – Still a Buy?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares were up 15.8% on Wednesday . The company traded as high as $6.52 and last traded at $6.4160. Approximately 3,102,586 shares were traded during trading, a decline of 54% from the average daily volume of 6,764,779 shares. The stock had previously closed at $5.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on USAS shares. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. BMO Capital Markets assumed coverage on shares of Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. HC Wainwright reissued a “buy” rating and set a $9.75 target price on shares of Americas Gold and Silver in a research report on Friday, April 17th. Finally, TD Securities assumed coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Up 3.9%

The company has a current ratio of 1.78, a quick ratio of 1.66 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.16 billion, a PE ratio of -20.40 and a beta of 0.86. The business’s 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management increased its position in Americas Gold and Silver by 11.2% during the 1st quarter. Hollencrest Capital Management now owns 811,045 shares of the company’s stock valued at $4,234,000 after purchasing an additional 81,494 shares during the period. Swiss National Bank raised its stake in shares of Americas Gold and Silver by 2.5% during the 1st quarter. Swiss National Bank now owns 443,600 shares of the company’s stock worth $2,312,000 after acquiring an additional 10,800 shares in the last quarter. LGT Fund Management Co Ltd. raised its stake in shares of Americas Gold and Silver by 75.0% during the 1st quarter. LGT Fund Management Co Ltd. now owns 175,000 shares of the company’s stock worth $913,000 after acquiring an additional 75,000 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $2,861,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $345,000. Hedge funds and other institutional investors 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.