Americas Gold and Silver Target of Unusually High Options Trading (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of unusually large options trading activity on Wednesday. Traders bought 34,411 call options on the company. This is an increase of 436% compared to the typical daily volume of 6,422 call options.

Americas Gold and Silver Stock Performance

Shares of USAS opened at $5.22 on Wednesday. The business’s 50 day moving average is $7.66 and its two-hundred day moving average is $5.64. Americas Gold and Silver has a 52-week low of $0.99 and a 52-week high of $10.50. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -20.08 and a beta of 0.53. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. TD Securities initiated coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.75.

Institutional Trading of Americas Gold and Silver

Several institutional investors have recently added to or reduced their stakes in USAS. Stone House Investment Management LLC boosted its stake in Americas Gold and Silver by 130.2% during the 4th 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 during the last quarter. Truist Financial Corp bought a new stake in shares of Americas Gold and Silver in the 4th quarter worth about $51,000. Wealthcare Capital Management LLC bought a new stake in shares of Americas Gold and Silver in the 4th quarter worth about $57,000. Hudson Bay Capital Management LP acquired a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at about $42,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Americas Gold and Silver during the fourth quarter worth about $67,000. 13.38% of the stock is owned by institutional investors and hedge funds.

About Americas Gold and Silver

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.