Americas Gold and Silver (NYSEAMERICAN:USAS) Now Covered by Stifel Nicolaus

Analysts at Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a “buy” rating on the stock.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. National Bank Financial started coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They issued an “outperform” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $9.25 target price on shares of Americas Gold and Silver in a research report on Thursday, September 24th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Trading Down 4.3%

Shares of USAS stock opened at $4.02 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $5.18. Americas Gold and Silver has a 12-month low of $3.52 and a 12-month high of $10.50. The firm has a market cap of $1.36 billion, a P/E ratio of -21.16 and a beta of 0.96.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors and hedge funds have recently made changes to their positions in USAS. Farther Finance Advisors LLC purchased a new position in shares of Americas Gold and Silver in the third quarter worth about $29,000. State of Wyoming purchased a new stake in Americas Gold and Silver during the 1st quarter valued at about $43,000. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver during the 1st quarter valued at about $46,000. Leonteq Securities AG purchased a new stake in Americas Gold and Silver during the 1st quarter valued at about $56,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Americas Gold and Silver during the 3rd quarter worth approximately $51,000. Institutional investors own 13.38% of the company’s stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the acquisition, development, and operation of mineral properties in North America. Its production and exploration activities are primarily centered on silver, with additional exposure to lead, zinc, and other associated metals.

The company’s principal assets include the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and related processing and infrastructure, while the Galena Complex is an underground silver-lead mining operation.