Americas Gold and Silver (NYSEAMERICAN:USAS) Shares Gap Up – What’s Next?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.28, but opened at $5.75. Americas Gold and Silver shares last traded at $5.9420, with a volume of 1,661,867 shares.

Wall Street Analysts Forecast Growth

USAS has been the topic of several analyst reports. HC Wainwright reaffirmed 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. Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They issued a “buy” rating for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Up 2.1%

The stock has a fifty day moving average of $5.92 and a 200 day moving average of $6.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54. The firm has a market capitalization of $1.92 billion, a P/E ratio of -26.73 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. NewGen Equity Long Short Fund bought a new stake in shares of Americas Gold and Silver in the 2nd quarter worth approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Americas Gold and Silver in the second quarter worth $10,574,000. Alps Advisors Inc. increased its position in Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after buying an additional 2,267,956 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Americas Gold and Silver by 56.0% in the second quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after buying an additional 2,000,563 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after buying an additional 3,813,582 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

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.