In last trading session, Americas Gold and Silver Corporation (AMEX:USAS) saw 1.62 million shares changing hands with its beta currently measuring 1.10. Company’s recent per share price level of $0.38 trading at -$0.02 or -5.68% at ring of the bell on the day assigns it a market valuation of $82.28M. That closing price of USAS’s stock is at a discount of -100.0% from its 52-week high price of $0.76 and is indicating a premium of 10.53% from its 52-week low price of $0.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.36 million shares which gives us an average trading volume of 384.58K if we extend that period to 3-months.
For Americas Gold and Silver Corporation (USAS), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.01 in the current quarter.
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Americas Gold and Silver Corporation (AMEX:USAS) trade information
Upright in the red during last session for losing -5.68%, in the last five days USAS remained trading in the green while hitting it’s week-highest on Thursday, 09/14/23 when the stock touched $0.38 price level, adding 5.71% to its value on the day. Americas Gold and Silver Corporation’s shares saw a change of -33.12% in year-to-date performance and have moved 0.56% in past 5-day. Americas Gold and Silver Corporation (AMEX:USAS) showed a performance of 4.62% in past 30-days. Number of shares sold short was 3.44 million shares which calculate 9.96 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.04 to the stock, which implies a rise of 63.46% to its current value. Analysts have been projecting $0.55 as a low price target for the stock while placing it at a high target of $2.00. It follows that stock’s current price would drop -426.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -44.74% for stock’s current value.
Americas Gold and Silver Corporation (USAS) estimates and forecasts
Statistics highlight that Americas Gold and Silver Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -13.61% of value to its shares in past 6 months, showing an annual growth rate of 26.67% while that of industry is 8.20. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 92.30% in the current quarter and calculating 83.30% increase in the next quarter. This year revenue growth is estimated to rise 24.90% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $26.9 million for the same. And 1 analysts are in estimates of company making revenue of $26.6 million in the next quarter that will end on Dec 2023. Company posted $18.3 million and $20.3 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 47.00% while estimating it to be 31.00% for the next quarter.
USAS Dividends
Americas Gold and Silver Corporation is more likely to be releasing its next quarterly report between November 09 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Americas Gold and Silver Corporation (AMEX:USAS)’s Major holders
Insiders are in possession of 4.09% of company’s total shares while institution are holding 24.36 percent of that, with stock having share float percentage of 25.40%. Investors also watch the number of corporate investors in a company very closely, which is 24.36% institutions for Americas Gold and Silver Corporation that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at USAS for having 10.76 million shares of worth $3.8 million. And as of Jun 29, 2023, it was holding 4.97% of the company’s outstanding shares.
The second largest institutional holder is Lynwood Capital Management Inc., which was holding about 8.29 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.83% of outstanding shares, having a total worth of $2.93 million.
On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF and Global X Fds-Global X Silver Miners ETF are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 10.1 million shares of worth $4.25 million or 4.67% of the total outstanding shares. The later fund manager was in possession of 4.96 million shares on Jul 30, 2023, making its stake of worth around $2.02 million in the company or a holder of 2.29% of company’s stock.
