Americas Gold and Silver Corp (AMEX: USAS) Could Bring Massive Returns?

In today’s recent session, 1.42 million shares of the Americas Gold and Silver Corp (AMEX:USAS) have been traded, and its beta is 1.28. Most recently the company’s share price was $0.36, and it changed around $0.04 or 13.38% from the last close, which brings the market valuation of the company to $95.02M. USAS at last check was trading at a discount to its 52-week high of $0.37, offering almost -2.78% off that amount. The share price’s 52-week low was $0.20, which indicates that the recent value has risen by an impressive 44.44% since then. We note from Americas Gold and Silver Corp’s average daily trading volume that its 10-day average is 0.63 million shares, with the 3-month average coming to 723.01K.

Americas Gold and Silver Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. 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 Corp is expected to report earnings per share of -0.01 for the current quarter.

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

Instantly USAS has been showing a green trend so far today with a performance of 13.38% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.3400 on recent trading daydecreased the stock’s daily price by -5.88%. The company’s shares are currently up 41.81% year-to-date, but still up 10.32% over the last five days. On the other hand, Americas Gold and Silver Corp (AMEX:USAS) is 48.41% up in the 30-day period. We can see from the shorts that 1.56 million shares have been sold at a short interest cover period of 2.34 day(s).

The consensus price target as assigned by Wall Street analysts is $0.7, which translates to bulls needing to increase their stock price by 48.57% from its current value. Analyst projections state that USAS is forecast to be at a low of $0.7 and a high of $0.7.

Americas Gold and Silver Corp (USAS) estimates and forecasts

Americas Gold and Silver Corp 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 risen 25.94 percent over the past six months and at a 37.50% annual growth rate that is well above the industry average of 18.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 75.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 24.00%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 28.57M in revenue for the current quarter. 1 analysts expect Americas Gold and Silver Corp to make 31.39M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 18.26M and 24.99M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 56.50%. Forecasts for the next quarter put sales growth at 25.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.10%.

USAS Dividends

Americas Gold and Silver Corp’s next quarterly earnings report is expected to be released on 2024-Nov-13.

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

Upon looking at major shareholders, it appears that insiders hold 0.86% of Americas Gold and Silver Corp shares, and 18.63% of them are in the hands of institutional investors. The stock currently has a share float of 18.79%. Americas Gold and Silver Corp stock is held by 62.0 institutions, with TOROSO INVESTMENTS, LLC being the largest institutional investor. By 2024-06-30, it held 3.1086% of the shares, which is about 6.9 million shares worth $1.65 million.

MILLENNIUM MANAGEMENT LLC, with 1.4941% or 3.32 million shares worth $0.8 million as of 2024-06-30, holds the second largest percentage of outstanding shares.