Americas Gold and Silver Corp (AMEX: USAS) At $0.38 Is Worth A Gamble

During the last session, Americas Gold and Silver Corp (AMEX:USAS)’s traded shares were 0.7 million, with the beta value of the company hitting 1.19. The 52-week high for the USAS share is $0.54, that puts it down -42.11 from that peak though still a striking 47.37% gain since the share price plummeted to a 52-week low of $0.20. The company’s market capitalization is $107.81M, and the average intraday trading volume over the past 10 days was 1.5 million shares, and the average trade volume was 1.35 million shares over the past three months.

Americas Gold and Silver Corp (USAS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. USAS has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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

Americas Gold and Silver Corp (USAS) registered a -0.18% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.18% in intraday trading to $0.38, hitting a weekly high. The stock’s 5-day price performance is -4.39%, and it has moved by -25.54% in 30 days. Based on these gigs, the overall price performance for the year is 77.98%. The short interest in Americas Gold and Silver Corp (AMEX:USAS) is 0.28 million shares and it means that shorts have 0.14 day(s) to cover.

The consensus price target of analysts on Wall Street is $0.7, which implies an increase of 45.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.7 and $0.7 respectively. As a result, USAS is trading at a discount of -84.21% off the target high and -84.21% off the low.

Americas Gold and Silver Corp (USAS) estimates and forecasts

Statistics show that Americas Gold and Silver Corp has outperformed its competitors in share price, compared to the industry in which it operates. Americas Gold and Silver Corp (USAS) shares have gone up 18.47% during the last six months, with a year-to-date growth rate more than the industry average at 12.50% against 12.20. In the rating firms’ projections, revenue will increase 20.42% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 43.02M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.10%. While earnings are projected to return 29.90% in 2024.

USAS Dividends

Americas Gold and Silver Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Americas Gold and Silver Corp insiders own 0.82% of total outstanding shares while institutional holders control 18.88%, with the float percentage being 19.03%. TOROSO INVESTMENTS, LLC is the largest shareholder of the company, while 61.0 institutions own stock in it. As of 2024-06-30, the company held over 6.9 million shares (or 3.1086% of all shares), a total value of $1.65 million in shares.

The next largest institutional holding, with 3.32 million shares, is of MILLENNIUM MANAGEMENT LLC’s that is approximately 1.4941% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.8 million.

Also, the Mutual Funds coming in first place with the largest holdings of Americas Gold and Silver Corp (USAS) shares are Amplify ETF Tr-Amplify Junior Silver Miners ETF and ASA Gold & Precious Metals Limited . Data provided on Jun 30, 2024 indicates that Amplify ETF Tr-Amplify Junior Silver Miners ETF owns about 6.9 shares. This amounts to just over 2.40 percent of the company’s overall shares, with a $2.62 million market value. The same data shows that the other fund manager holds slightly less at 2.7, or about 0.94% of the stock, which is worth about $1.02 million.