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

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued on Thursday, Benzinga reports. They currently have a $9.25 price objective on the stock. HC Wainwright’s target price would suggest a potential upside of 91.51% from the stock’s previous close.

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

Americas Gold and Silver Stock Performance

Shares of USAS traded up $0.15 during midday trading on Thursday, reaching $4.83. 6,479,715 shares of the stock were exchanged, compared to its average volume of 5,610,399. Americas Gold and Silver has a twelve month low of $3.28 and a twelve month high of $10.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -25.42 and a beta of 1.04. The business’s 50-day moving average price is $4.86 and its 200 day moving average price is $5.42.

Institutional Trading of Americas Gold and Silver

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

Americas Gold and Silver Company Profile

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.