Americas Gold and Silver’s (USAS) Buy Rating Reiterated at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a note issued to investors on Thursday, Benzinga reports. They currently have a $9.25 price target on the stock. HC Wainwright’s price target would indicate a potential upside of 98.29% from the stock’s current price.

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

Americas Gold and Silver Stock Performance

USAS traded down $0.19 during trading hours on Thursday, hitting $4.67. 2,327,524 shares of the stock were exchanged, compared to its average volume of 5,601,827. 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 stock has a market cap of $1.58 billion, a price-to-earnings ratio of -24.55 and a beta of 1.04. Americas Gold and Silver has a 12 month low of $3.08 and a 12 month high of $10.50. The stock has a 50-day simple moving average of $4.84 and a 200-day simple moving average of $5.45.

Institutional Investors Weigh In On Americas Gold and Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Americas Gold and Silver in the 2nd quarter worth approximately $303,000. FNY Investment Advisers LLC bought a new position in Americas Gold and Silver in the second quarter valued at about $94,000. Rathbones Group PLC bought a new position in Americas Gold and Silver in the first quarter valued at about $61,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter valued at about $65,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.