Americas Gold and Silver Corporation stock drops amid market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2024
0mins
Should l Buy USAS?
Source: Business Insider
Americas Gold and Silver Corporation's stock fell by 8.27% as it crossed below its 5-day SMA, reflecting a challenging trading environment.
The decline in stock price is attributed to broad market weakness, with the Nasdaq-100 down 0.59% and the S&P 500 down 0.65%. This market trend has influenced investor sentiment, leading to a sell-off in various sectors, including precious metals.
As the market continues to face headwinds, investors may need to reassess their positions in the sector, particularly in light of the current economic conditions.
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Analyst Views on USAS
Wall Street analysts forecast USAS stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.790
Low
4.90
Averages
5.91
High
6.84
Current: 9.790
Low
4.90
Averages
5.91
High
6.84
About USAS
Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. It owns and operates the Galena Complex, Cosala Operations, and the Relief Canyon mine. It also owns the San Felipe development project in Sonora, Mexico. The 100% owned Galena Complex is located in Idaho's Silver Valley. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover over 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico. It also owns Crescent Silver Mine, which is located over four miles southeast of Kellogg, Idaho, and consists of 10 acres of surface rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Americas Gold And Silver Stock Rises 8.2% on Buy Rating
- Initiation of Buy Rating: Canaccord Genuity has initiated coverage on Americas Gold And Silver (USAS) with a Buy recommendation and a C$17 price target, labeling it as a compelling investment option for investors seeking early exposure, which is likely to attract more investor interest in the company.
- Silver Mine Capacity Potential: The Galena complex in Idaho's
See More
U.S. Antimony Shares Continue to Rise Following Analyst Upgrade
- Stock Price Surge: Shares of U.S. Antimony Company (UAMY) rose 4.7% after Friday's close and continued to climb 4.4% today, reflecting investor optimism despite a previous peak of 7.9% earlier in the day.
- Analyst Optimism: B. Riley raised its price target on U.S. Antimony from $9 to $11 while maintaining a buy rating, indicating a positive outlook on the joint venture with Americas Gold and Silver Corporation, which may attract more investor interest.
- Joint Venture Potential: U.S. Antimony holds a 49% stake in the joint venture that plans to develop a new processing facility adjacent to existing assets of Americas Gold and Silver, expected to achieve higher recoveries of copper, silver, and antimony at lower costs, thereby enhancing profitability.
- Cautious Investor Sentiment: Despite the price target increase from B. Riley generating interest, the company's current unprofitability means growth investors must carefully assess the fundamentals before deciding to invest in this mining stock.
See More
Key Wall Street Rating Changes Overview
- Morgan Stanley Upgrade: Morgan Stanley upgraded Booking Holdings from equal weight to overweight, citing the online travel company's stock as undervalued, with expectations that it will continue to dominate the travel market and leverage robust customer data to drive high-margin direct business.
- JPMorgan's View on Domino's: JPMorgan upgraded Domino's from neutral to overweight, based on its steady market share and value-driven business model, indicating a good buying opportunity at the current stock price of approximately $400.
- RBC's Assessment of Blackstone: RBC initiated coverage on Blackstone with an outperform rating, highlighting the private equity firm's dual benefits from retail growth and an improving real estate cycle, which are expected to drive nearly 20% earnings growth.
- UBS Upgrade for America Movil: UBS upgraded America Movil from neutral to buy, revising its price target from $23.60 to $30.00, reflecting the upside potential in the Latin American telecommunications market.
See More
U.S. Antimony Corp. Forms Strategic JV with Americas Gold and Silver Corp.
- Joint Venture Structure: U.S. Antimony Corp. and Americas Gold and Silver Corp. have formed a joint venture, with the former holding a 49% stake and the latter 51%, ensuring balanced management and decision-making through equal representation.
- Mineral Processing Profits: The joint venture will establish a hydrometallurgical processing plant in Idaho's Silver Valley to process copper, silver, and antimony mined by Americas, expected to generate downstream profits from previously untapped antimony production, enhancing overall profitability.
- Positive Market Reaction: Following the announcement, U.S. Antimony's stock rose by 5%, becoming the top-trending equity on Stocktwits, indicating optimistic market sentiment, with investors viewing it as a long-term investment opportunity.
- National Mineral Strategy: The establishment of this joint venture aims to strengthen domestic critical mineral production, reduce processing costs, and provide a complete mine-to-product solution for antimony, aligning with national needs in defense and industrial applications.
See More
U.S. Antimony Forms Joint Venture for Antimony Processing Plant
- Joint Venture Formation: United States Antimony (UAMY) has formed a joint venture with Americas Gold and Silver (USAS) to construct and operate an antimony processing plant in Idaho's Silver Valley, with USAS holding 51% and UAMY 49%, aiming to provide a mine-to-finished production solution for this critical mineral in the U.S.
- Supply Chain Security: The joint venture will secure antimony feed material from the Galena complex, with priority given to USAS's mined material, thereby enhancing the security of the U.S. supply chain for this essential mineral.
- Technical and Market Support: UAMY will leverage its expertise in constructing and operating such facilities and provide the joint venture access to its antimony marketing network, including connections with the U.S. government, which will bolster the venture's market competitiveness.
- Permit Progress: The site for the new hydromet facility in Idaho has obtained all necessary primary permits, except for construction permits, ensuring smooth project advancement and future production capacity.
See More
Americas Gold and Silver Corp. (USAS) Soars 43.36% to New 52-Week High
- Stock Surge: Americas Gold and Silver Corporation (USAS) surged 43.36% last week, reaching a new 52-week high, reflecting strong investor interest in mining stocks amid rising precious metal prices.
- Daily Performance: On Friday, USAS hit a peak price of $9.41 before closing at $9.29, up 9.55% from the previous day, indicating optimistic market expectations for its future performance.
- Silver Price Rally: With spot silver prices exceeding $103 and gold nearing $4,988—just $12 shy of $5,000—the overall rise in mining stocks has been significantly boosted.
- Production Milestone: In 2025, Americas Gold and Silver achieved a record silver production of 2.65 million ounces, a 52% increase, with its Cosala operations alone producing 1.19 million ounces, showcasing the company's robust production capabilities in a rising silver price environment.
See More
Americas Gold And Silver Stock Rises 8.2% on Buy Rating
- Initiation of Buy Rating: Canaccord Genuity has initiated coverage on Americas Gold And Silver (USAS) with a Buy recommendation and a C$17 price target, labeling it as a compelling investment option for investors seeking early exposure, which is likely to attract more investor interest in the company.
- Silver Mine Capacity Potential: The Galena complex in Idaho's
See More
U.S. Antimony Shares Continue to Rise Following Analyst Upgrade
- Stock Price Surge: Shares of U.S. Antimony Company (UAMY) rose 4.7% after Friday's close and continued to climb 4.4% today, reflecting investor optimism despite a previous peak of 7.9% earlier in the day.
- Analyst Optimism: B. Riley raised its price target on U.S. Antimony from $9 to $11 while maintaining a buy rating, indicating a positive outlook on the joint venture with Americas Gold and Silver Corporation, which may attract more investor interest.
- Joint Venture Potential: U.S. Antimony holds a 49% stake in the joint venture that plans to develop a new processing facility adjacent to existing assets of Americas Gold and Silver, expected to achieve higher recoveries of copper, silver, and antimony at lower costs, thereby enhancing profitability.
- Cautious Investor Sentiment: Despite the price target increase from B. Riley generating interest, the company's current unprofitability means growth investors must carefully assess the fundamentals before deciding to invest in this mining stock.
See More
Key Wall Street Rating Changes Overview
- Morgan Stanley Upgrade: Morgan Stanley upgraded Booking Holdings from equal weight to overweight, citing the online travel company's stock as undervalued, with expectations that it will continue to dominate the travel market and leverage robust customer data to drive high-margin direct business.
- JPMorgan's View on Domino's: JPMorgan upgraded Domino's from neutral to overweight, based on its steady market share and value-driven business model, indicating a good buying opportunity at the current stock price of approximately $400.
- RBC's Assessment of Blackstone: RBC initiated coverage on Blackstone with an outperform rating, highlighting the private equity firm's dual benefits from retail growth and an improving real estate cycle, which are expected to drive nearly 20% earnings growth.
- UBS Upgrade for America Movil: UBS upgraded America Movil from neutral to buy, revising its price target from $23.60 to $30.00, reflecting the upside potential in the Latin American telecommunications market.
See More
U.S. Antimony Corp. Forms Strategic JV with Americas Gold and Silver Corp.
- Joint Venture Structure: U.S. Antimony Corp. and Americas Gold and Silver Corp. have formed a joint venture, with the former holding a 49% stake and the latter 51%, ensuring balanced management and decision-making through equal representation.
- Mineral Processing Profits: The joint venture will establish a hydrometallurgical processing plant in Idaho's Silver Valley to process copper, silver, and antimony mined by Americas, expected to generate downstream profits from previously untapped antimony production, enhancing overall profitability.
- Positive Market Reaction: Following the announcement, U.S. Antimony's stock rose by 5%, becoming the top-trending equity on Stocktwits, indicating optimistic market sentiment, with investors viewing it as a long-term investment opportunity.
- National Mineral Strategy: The establishment of this joint venture aims to strengthen domestic critical mineral production, reduce processing costs, and provide a complete mine-to-product solution for antimony, aligning with national needs in defense and industrial applications.
See More
U.S. Antimony Forms Joint Venture for Antimony Processing Plant
- Joint Venture Formation: United States Antimony (UAMY) has formed a joint venture with Americas Gold and Silver (USAS) to construct and operate an antimony processing plant in Idaho's Silver Valley, with USAS holding 51% and UAMY 49%, aiming to provide a mine-to-finished production solution for this critical mineral in the U.S.
- Supply Chain Security: The joint venture will secure antimony feed material from the Galena complex, with priority given to USAS's mined material, thereby enhancing the security of the U.S. supply chain for this essential mineral.
- Technical and Market Support: UAMY will leverage its expertise in constructing and operating such facilities and provide the joint venture access to its antimony marketing network, including connections with the U.S. government, which will bolster the venture's market competitiveness.
- Permit Progress: The site for the new hydromet facility in Idaho has obtained all necessary primary permits, except for construction permits, ensuring smooth project advancement and future production capacity.
See More
Americas Gold and Silver Corp. (USAS) Soars 43.36% to New 52-Week High
- Stock Surge: Americas Gold and Silver Corporation (USAS) surged 43.36% last week, reaching a new 52-week high, reflecting strong investor interest in mining stocks amid rising precious metal prices.
- Daily Performance: On Friday, USAS hit a peak price of $9.41 before closing at $9.29, up 9.55% from the previous day, indicating optimistic market expectations for its future performance.
- Silver Price Rally: With spot silver prices exceeding $103 and gold nearing $4,988—just $12 shy of $5,000—the overall rise in mining stocks has been significantly boosted.
- Production Milestone: In 2025, Americas Gold and Silver achieved a record silver production of 2.65 million ounces, a 52% increase, with its Cosala operations alone producing 1.19 million ounces, showcasing the company's robust production capabilities in a rising silver price environment.
See More
