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Americas Gold and Silver Corporation (AMEX: USAS) Now Carries A 12-Month Price Target Of $2.00.

Americas Gold and Silver Corporation (AMEX:USAS)’s traded shares stood at 1.14 million during the last session. At the close of trading, the stock’s…

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This article was originally published by The Marketing Sentinal

Americas Gold and Silver Corporation (AMEX:USAS)’s traded shares stood at 1.14 million during the last session. At the close of trading, the stock’s price was $0.59, to imply an increase of 11.30% or $0.06 in intraday trading. The USAS share’s 52-week high remains $1.40, putting it -137.29% down since that peak but still an impressive 23.73% since price per share fell to its 52-week low of $0.45. The company has a valuation of $96.96M, with an average of 0.59 million shares in intraday trading volume over the past 10 days and average of 435.25K shares over the past 3 months.

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

After registering a 11.30% upside in the last session, Americas Gold and Silver Corporation (USAS) has traded red over the past five days. The stock hit a weekly high of 0.6022 this Thursday, 07/28/22, jumping 11.30% in its intraday price action. The 5-day price performance for the stock is 19.42%, and -14.85% over 30 days. With these gigs, the year-to-date price performance is -26.85%. Short interest in Americas Gold and Silver Corporation (AMEX:USAS) saw shorts transact 4.17 million shares and set a 7.25 days time to cover.

Analysts on Wall Street suggest a consensus price target of $1.23, implying an increase of 52.03% to the stock’s current value. The extremes give us $0.70 and $2.00 for target low and target high price respectively. As such, USAS has been trading -238.98% off suggested target high and -18.64% from its likely low.

Americas Gold and Silver Corporation (USAS) estimates and forecasts

Looking at statistics comparing Americas Gold and Silver Corporation share performance against respective industry, we note that the company has outperformed competitors. Americas Gold and Silver Corporation (USAS) shares are -24.46% down over the last 6 months, with its year-to-date growth rate higher than industry average at 80.77% against 14.80%. Revenue is forecast to grow 100.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 131.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $23.26 million. Meanwhile, for the quarter ending Sep 2022, a total of 2 analyst(s) estimate revenue growth to $25.06 million.

USAS Dividends

Americas Gold and Silver Corporation has its next earnings report out between March 21 and March 25. 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 Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Americas Gold and Silver Corporation insiders hold 4.70% of total outstanding shares, with institutional holders owning 28.65% of the shares at 30.06% float percentage. In total, 28.65% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Mar 30, 2022, the company held over 9.55 million shares (or 5.29% of shares), all amounting to roughly $10.31 million.

The next major institution holding the largest number of shares is Van Eck Associates Corporation with 8.71 million shares, or about 4.83% of shares outstanding. As of the market price on Dec 30, 2021, these shares were worth $7.02 million.

We also have VanEck ETF Trust-VanEck Junior Gold Miners ETF and Invesco Gold & Special Minerals Fund as the top two Mutual Funds with the largest holdings of the Americas Gold and Silver Corporation (USAS) shares. Going by data provided on Feb 27, 2022, VanEck ETF Trust-VanEck Junior Gold Miners ETF holds roughly 7.8 million shares. This is just over 4.32% of the total shares, with a market valuation of $8.19 million. Data from the same date shows that the other fund manager holds a little less at 4.79 million, or 2.65% of the shares, all valued at about 3.59 million.


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