Americas Gold and Silver (NYSEAMERICAN:USAS) Given “Buy” Rating at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $9.25 target price on the stock. HC Wainwright’s target price points to a potential upside of 98.29% from the company’s previous close.

Separately, Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Americas Gold and Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Down 3.8%

Americas Gold and Silver stock traded down $0.19 during mid-day trading on Thursday, reaching $4.67. The stock had a trading volume of 1,782,264 shares, compared to its average volume of 5,599,010. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. Americas Gold and Silver has a fifty-two week low of $3.08 and a fifty-two week high of $10.50. The stock’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $5.45. The firm has a market capitalization of $1.58 billion, a PE ratio of -24.55 and a beta of 1.04.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently modified their holdings of USAS. State of Wyoming purchased a new stake in Americas Gold and Silver in the 1st quarter valued at $43,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver during the 1st quarter valued at $46,000. Leonteq Securities AG purchased a new position in Americas Gold and Silver during the 1st quarter worth $56,000. Rathbones Group PLC bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth $61,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth $65,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.