Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Falls 6.4% – Should You Sell?

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS)’s share price fell 6.4% on Tuesday. The company traded as low as $2.72 and last traded at $2.6950. Approximately 1,799,355 shares changed hands during trading, a decline of 66% from the average daily volume of 5,335,394 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

Several equities analysts recently commented on USAS shares. HC Wainwright reiterated a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a research note on Tuesday, October 20th. Zacks Research downgraded Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Stifel Nicolaus assumed coverage on Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a “buy” rating on the stock. Finally, National Bank Financial started coverage on Americas Gold and Silver in a research note on Thursday, October 8th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Down 6.4%

The stock has a market capitalization of $911.31 million, a P/E ratio of -14.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The stock has a fifty day moving average price of $4.46 and a 200 day moving average price of $5.68.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. purchased a new stake in shares of Americas Gold and Silver in the third quarter worth $27,261,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after acquiring an additional 3,813,582 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at about $11,397,000. Gabelli Funds LLC boosted its position in shares of Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after acquiring an additional 2,100,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Americas Gold and Silver by 16.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after acquiring an additional 248,877 shares during the last quarter. 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 primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.