Americas Gold and Silver (NYSEAMERICAN:USAS) Sets New 12-Month Low Following Analyst Downgrade

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares hit a new 52-week low during trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $3.51 and last traded at $3.5350, with a volume of 1,945,446 shares traded. The stock had previously closed at $3.61.

Several other brokerages also recently commented on USAS. HC Wainwright reiterated a “buy” rating and set a $9.25 target price on shares of Americas Gold and Silver in a report on Tuesday. Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, October 14th. They set a “buy” rating on the stock. Finally, National Bank Financial began coverage on shares of Americas Gold and Silver in a research note on Thursday, October 8th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Institutional Investors Weigh In On Americas Gold and Silver

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after purchasing an additional 3,813,582 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of Americas Gold and Silver during the third quarter worth approximately $11,397,000. Gabelli Funds LLC grew its position in shares of Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after buying an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Americas Gold and Silver by 16.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after buying an additional 248,877 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Americas Gold and Silver in the first quarter worth $5,468,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Trading Down 11.4%

The firm has a market cap of $1.08 billion, a P/E ratio of -16.79 and a beta of 0.96. The business’s 50 day moving average is $4.77 and its 200-day moving average is $5.10. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

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