Americas Gold and Silver Corp (AMEX:USAS) Is Now 35.48% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Americas Gold and Silver Corp (AMEX:USAS) saw 0.67 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $0.31 trading at -$0.01 or -3.05% at ring of the bell on the day assigns it a market valuation of $81.30M. That closing price of USAS’s stock is at a discount of -19.35% from its 52-week high price of $0.37 and is indicating a premium of 35.48% from its 52-week low price of $0.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 733.72K if we extend that period to 3-months.

For Americas Gold and Silver Corp (USAS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 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 Corp (AMEX:USAS) trade information

Upright in the red during last session for losing -3.05%, in the last five days USAS remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $0.31 price level, adding 3.13% to its value on the day. Americas Gold and Silver Corp’s shares saw a change of 21.38% in year-to-date performance and have moved 14.19% in past 5-day. Americas Gold and Silver Corp (AMEX:USAS) showed a performance of 23.32% in past 30-days. Number of shares sold short was 1.56 million shares which calculate 2.34 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 0.7 to the stock, which implies a rise of 55.71% to its current value. Analysts have been projecting 0.7 as a low price target for the stock while placing it at a high target of 0.7. It follows that stock’s current price would drop -125.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -125.81% for stock’s current value.

Americas Gold and Silver Corp (USAS) estimates and forecasts

Statistics highlight that Americas Gold and Silver Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 40.14% of value to its shares in past 6 months, showing an annual growth rate of 37.50% while that of industry is 18.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.00% 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 28.57M for the same. And 1 analysts are in estimates of company making revenue of 31.39M in the next quarter. Company posted 18.26M and 24.99M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 0.86% of company’s total shares while institution are holding 18.63 percent of that, with stock having share float percentage of 18.79%. Investors also watch the number of corporate investors in a company very closely, which is 18.63% institutions for Americas Gold and Silver Corp that are currently holding shares of the company. TOROSO INVESTMENTS, LLC is the top institutional holder at USAS for having 6.9 million shares of worth $1.65 million. And as of 2024-06-30, it was holding 3.1086 of the company’s outstanding shares.

The second largest institutional holder is MILLENNIUM MANAGEMENT LLC, which was holding about 3.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4941 of outstanding shares, having a total worth of $0.8 million.