Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Down 9.8% – Time to Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s stock price fell 9.8% during mid-day trading on Tuesday . The company traded as low as $4.39 and last traded at $4.4010. 1,932,201 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 6,135,882 shares. The stock had previously closed at $4.88.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on USAS. HC Wainwright restated a “buy” rating and set a $9.75 price objective on shares of Americas Gold and Silver in a research note on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver presently has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Down 9.3%

The company’s fifty day simple moving average is $5.65 and its 200-day simple moving average is $6.40. The firm has a market capitalization of $1.49 billion, a PE ratio of -20.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP acquired a new position in Americas Gold and Silver during the 3rd quarter valued at about $42,000. State of Wyoming purchased a new stake in shares of Americas Gold and Silver during the first quarter worth about $43,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the first quarter worth about $46,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Americas Gold and Silver during the second quarter valued at about $46,000. Finally, Stone House Investment Management LLC increased its holdings in shares of Americas Gold and Silver by 130.2% during the fourth quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after acquiring an additional 5,236 shares in the last quarter. 13.38% of the stock is currently owned by hedge funds and other 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.