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 to investors on Tuesday, Benzinga reports. They presently have a $9.25 price target on the stock. HC Wainwright’s target price indicates a potential upside of 148.99% from the stock’s previous close.
USAS has been the topic of several other research reports. Zacks Research upgraded Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Stifel Nicolaus initiated coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a “buy” rating on the stock. Finally, National Bank Financial initiated coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating on the stock. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Americas Gold and Silver presently has an average rating of “Moderate Buy” and an average price target of $9.25.
Read Our Latest Research Report on USAS
Americas Gold and Silver Price Performance
Americas Gold and Silver stock traded down $0.06 during trading on Tuesday, reaching $3.72. The company had a trading volume of 202,549 shares, compared to its average volume of 5,378,908. Americas Gold and Silver has a 1-year low of $3.52 and a 1-year high of $10.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The firm’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $5.14. The firm has a market capitalization of $1.26 billion, a PE ratio of -19.45 and a beta of 0.96.
Institutional Trading of Americas Gold and Silver
Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the 3rd quarter worth about $29,000. State of Wyoming acquired a new stake in Americas Gold and Silver during the first quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new stake in Americas Gold and Silver during the first quarter worth approximately $46,000. Leonteq Securities AG purchased a new stake in Americas Gold and Silver in the first quarter valued at approximately $56,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver in the third quarter valued at approximately $51,000. 13.38% of the stock is owned by institutional investors and hedge funds.
About Americas Gold and Silver
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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