Stock Traders Buy High Volume of Americas Gold and Silver Call Options (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) was the target of unusually large options trading activity on Monday. Traders bought 7,819 call options on the company. This is an increase of approximately 134% compared to the average daily volume of 3,338 call options.

Institutional Investors Weigh In On Americas Gold and Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. NewGen Equity Long Short Fund purchased a new stake in shares of Americas Gold and Silver in the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Americas Gold and Silver during the 2nd quarter valued at approximately $10,574,000. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $9,954,000. Tidal Investments LLC grew its holdings 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 purchasing an additional 2,000,563 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in Americas Gold and Silver by 275.0% in the second quarter. U S Global Investors Inc. now owns 1,500,000 shares of the company’s stock worth $1,213,000 after purchasing an additional 1,100,000 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

Americas Gold and Silver Trading Up 4.3%

Shares of NYSEAMERICAN:USAS opened at $9.40 on Wednesday. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $4.05. The company has a market cap of $3.00 billion, a PE ratio of -36.15 and a beta of 0.60. Americas Gold and Silver has a 12-month low of $0.99 and a 12-month high of $10.50. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Buy” and an average price target of $9.75.

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.