Americas Gold and Silver Corporation (AMEX: USAS) – Not A Clear Buying Opportunity?


Americas Gold and Silver Corporation (USAS) concluded trading on 08/26/20 at a closing price of $2.91, with 1.17 million shares of worth about $3.4 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 1.75% during that period and on Wednesday the price saw a gain of about 6.99%. Currently the company’s common shares owned by public are about 106.01M shares, out of which, 101.97M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the USAS stock and their offered price forecasts bring an average price target of $5.48. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.47 and could fall to a lowest price of $4.21. Analysts also issued an outlook of 2.00 for the Americas Gold and Silver Corporation stock for next 12 months. However, touching the estimated high of $6.47 would mean a gain of 55.02% for the stock.

VanEck Vectors – Junior Gold Mine, ASA Gold & Precious Metals Ltd., and Global X Silver Miners ETF are the top 3 mutual funds which are holding stakes in Americas Gold and Silver Corporation VanEck Vectors – Junior Gold Mine is currently holding 5.28 million shares of worth totaling $17.74 million. The company recently came buying 69455.0 shares which brought its stake up to 4.98% of the company’s outstanding shares. ASA Gold & Precious Metals Ltd. sold -0.11 million shares, after which its hold over company’s outstanding shares shrunk to 2.80%, leaving 2.97 million shares with the mutual fund that have a worth of about $9.99 million. Global X Silver Miners ETF, after buying 2.1 million shares, have now control over 1.98% of the stake in the company. It holds 28050.0 shares of worth $7.04 million.

Americas Gold and Silver Corporation (AMEX: USAS) started trading at $2.73, above $0.01 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.91, or with a gain of 6.99%. Stock saw a price change of 1.75% in past 5 days and over the past one month there was a price change of -15.16%. Year-to-date (YTD), USAS shares are showing a performance of -8.20% which decreased to -18.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.00 but also hit the highest price of $3.90 during that period. While comparing its average daily trading volume of 1.45 million shares, we see that about 1.17 million changed hands on the day. The stock is currently trading -8.19% below its 20-day simple moving average (SMA20), while that difference is up 0.80% for SMA50 and it goes to 12.73% higher than SMA200.

Americas Gold and Silver Corporation (AMEX: USAS) currently have 106.01M outstanding shares and institutions hold larger chunk of about 21.83% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $308.49M. It has posted earnings per share of -$0.38 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for USAS, volatility over the week remained 4.82% while standing at 6.32% over the month.

Analysts are in expectations that Americas Gold and Silver Corporation (USAS) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter ESPS is $0.07 and it is $0.3 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.02 at the higher side of the target for the same.

Analysts at 6 brokerage firms have issued recommendations for the Americas Gold and Silver Corporation (USAS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 6 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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