Americas Gold and Silver Corp (AMEX: USAS) Jumped 99.16% In 6 Months – Here’s What Might Happen Next

Americas Gold and Silver Corp (AMEX:USAS)’s traded shares stood at 3.09 million during the last session, with the company’s beta value hitting 1.30. At the close of trading, the stock’s price was $0.52, to imply a decrease of -2.02% or -$0.01 in intraday trading. The USAS share’s 52-week high remains $0.54, putting it -3.85% down since that peak but still an impressive 61.54% since price per share fell to its 52-week low of $0.20. The company has a valuation of $134.77M, with an average of 2.86 million shares in intraday trading volume over the past 10 days and average of 1.07 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Americas Gold and Silver Corp (USAS), translating to a mean rating of 2.20. Of 2 analyst(s) looking at the stock, 1 analyst(s) give USAS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.

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

After registering a -2.02% downside in the last session, Americas Gold and Silver Corp (USAS) has traded red over the past five days. The 5-day price performance for the stock is 18.18%, and 67.20% over 30 days. With these gigs, the year-to-date price performance is 104.72%. Short interest in Americas Gold and Silver Corp (AMEX:USAS) saw shorts transact 1.03 million shares and set a 1.37 days time to cover.

The extremes give us $0.7 and $0.7 for target low and target high price respectively. As such, USAS has been trading -34.62% off suggested target high and -34.62% from its likely low.

Americas Gold and Silver Corp (USAS) estimates and forecasts

Looking at statistics comparing Americas Gold and Silver Corp share performance against respective industry, we note that the company has outperformed competitors. Americas Gold and Silver Corp (USAS) shares are 99.16% up over the last 6 months, with its year-to-date growth rate higher than industry average at 37.50% against 16.30%. Revenue is forecast to grow 75.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 24.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 28.57M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 31.39M.Earnings reports from the last fiscal year show that sales brought in 18.26M and 24.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 56.50% before jumping 25.60% in the following quarter.

USAS Dividends

Americas Gold and Silver Corp has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Americas Gold and Silver Corp insiders hold 0.86% of total outstanding shares, with institutional holders owning 18.62% of the shares at 18.78% float percentage. In total, 18.62% institutions holds shares in the company, led by TOROSO INVESTMENTS, LLC. As of 2024-06-30, the company held over 6.9 million shares (or 3.1086% of shares), all amounting to roughly $1.65 million.

The next major institution holding the largest number of shares is MILLENNIUM MANAGEMENT LLC with 3.32 million shares, or about 1.4941% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.8 million.