Americas Gold and Silver (NYSEAMERICAN:USAS – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They currently have a $9.25 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 151.02% from the stock’s current price.
A number of other brokerages have also weighed in on USAS. Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. National Bank Financial assumed coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a report on Wednesday, October 14th. They issued a “buy” rating on the stock. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.25.
Get Our Latest Stock Analysis on USAS
Americas Gold and Silver Stock Performance
Shares of USAS traded down $0.09 during trading hours on Tuesday, reaching $3.69. 2,534,018 shares of the company traded hands, compared to its average volume of 5,391,215. The stock has a market capitalization of $1.25 billion, a P/E ratio of -19.39 and a beta of 0.96. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Americas Gold and Silver has a 12-month low of $3.52 and a 12-month high of $10.50. The business has a fifty day moving average price of $4.87 and a 200-day moving average price of $5.14.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. AA Financial Advisors LLC acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $252,000. TD Waterhouse Canada Inc. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $166,000. SLT Holdings LLC acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $123,000. B. Riley Wealth Advisors Inc. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $51,000. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at approximately $2,914,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
Americas Gold and Silver Company Profile
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.
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