Future Outlook And Stock Price Performance For Americas Gold and Silver Corporation (AMEX: USAS)

In the last trading session, 1.58 million shares of the Americas Gold and Silver Corporation (AMEX:USAS) were traded, and its beta was 1.34. Most recently the company’s share price was $0.22, and it changed around $0.01 or 5.04% from the last close, which brings the market valuation of the company to $48.84M. USAS currently trades at a discount to its 52-week high of $0.60, offering almost -172.73% off that amount. The share price’s 52-week low was $0.20, which indicates that the current value has risen by an impressive 9.09% since then. We note from Americas Gold and Silver Corporation’s average daily trading volume that its 10-day average is 1.37 million shares, with the 3-month average coming to 1.00 million.

Americas Gold and Silver Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended USAS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Americas Gold and Silver Corporation is expected to report earnings per share of -$0.02 for the current quarter.

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Americas Gold and Silver Corporation (AMEX:USAS) trade information

Instantly USAS has showed a green trend with a performance of 5.04% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -11.42% year-to-date, but still up 2.27% over the last five days. On the other hand, Americas Gold and Silver Corporation (AMEX:USAS) is -0.44% down in the 30-day period. We can see from the shorts that 4.03 million shares have been sold at a short interest cover period of 3.63 day(s).

Americas Gold and Silver Corporation (USAS) estimates and forecasts

Americas Gold and Silver Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -36.80 percent over the past six months and at a 56.25% annual growth rate that is well above the industry average of 18.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 60.00% in revenue this quarter, and will report an increase of 33.30% in the next quarter. The year-over-year growth rate is expected to be 28.40%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $31.1 million in revenue for the current quarter. 1 analysts expect Americas Gold and Silver Corporation to make $31.1 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $22.09 million and $27.01 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 40.80%. Forecasts for the next quarter put sales growth at 15.10%.

USAS Dividends

Americas Gold and Silver Corporation’s next quarterly earnings report is expected to be released around May 13 and May 17.

Americas Gold and Silver Corporation (AMEX:USAS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.42% of Americas Gold and Silver Corporation shares, and 23.24% of them are in the hands of institutional investors. The stock currently has a share float of 23.33%. Americas Gold and Silver Corporation stock is held by 50 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Jun 29, 2023, it held 4.96% of the shares, which is about 10.76 million shares worth $3.8 million.

Lynwood Capital Management Inc., with 3.82% or 8.29 million shares worth $2.93 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Junior Gold Miners ETF and Global X Fds-Global X Silver Miners ETF were the top two Mutual Funds as of Sep 29, 2023. The former held 9.46 million shares worth $3.37 million, making up 4.36% of all outstanding shares. On the other hand, Global X Fds-Global X Silver Miners ETF held roughly 5.09 million shares worth around $1.81 million, which represents about 2.35% of the total shares outstanding.