Americas Gold and Silver (NYSEAMERICAN:USAS) Research Coverage Started at BMO Capital Markets

BMO Capital Markets started coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a report published on Wednesday, Marketbeat reports. The firm issued an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They issued a “buy” rating on the stock. TD Securities started coverage on Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Stock Performance

Shares of NYSEAMERICAN USAS opened at $5.52 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. Americas Gold and Silver has a 12 month low of $0.99 and a 12 month high of $10.50. The company has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $5.65. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -16.98 and a beta of 0.83.

Institutional Trading of Americas Gold and Silver

A number of hedge funds have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new stake in Americas Gold and Silver during the third quarter valued at $42,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Stone House Investment Management LLC boosted its stake in shares of Americas Gold and Silver by 130.2% during the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock worth $47,000 after acquiring an additional 5,236 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Americas Gold and Silver during the 4th quarter valued at about $51,000. Finally, Gabelli Funds LLC grew its position in shares of Americas Gold and Silver by 50.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $56,000 after acquiring an additional 5,000 shares during the period. 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 and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.