Americas Gold and Silver (NYSEAMERICAN:USAS – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $9.25 price target on the stock. HC Wainwright’s target price suggests a potential upside of 156.59% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. National Bank Financial started coverage on shares of Americas Gold and Silver in a research report on Thursday, October 8th. They issued an “outperform” rating on the stock. Stifel Nicolaus started coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Americas Gold and Silver currently has a consensus rating of “Moderate Buy” and an average target price of $9.25.
Americas Gold and Silver Stock Down 4.4%
NYSEAMERICAN USAS traded down $0.17 during trading on Tuesday, reaching $3.61. 3,245,768 shares of the company’s stock traded hands, compared to its average volume of 5,393,651. 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 firm has a market cap of $1.22 billion, a price-to-earnings ratio of -18.97 and a beta of 0.96. The company’s 50 day simple moving average is $4.87 and its two-hundred day simple moving average is $5.14. Americas Gold and Silver has a 12-month low of $3.52 and a 12-month high of $10.50.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of USAS. Farther Finance Advisors LLC purchased a new stake in Americas Gold and Silver during the 3rd quarter worth approximately $29,000. State of Wyoming purchased a new stake in Americas Gold and Silver during the 1st quarter worth approximately $43,000. Pictet Asset Management Holding SA grew its position in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after purchasing an additional 8,636 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver during the 1st quarter worth approximately $46,000. Finally, Leonteq Securities AG purchased a new stake in Americas Gold and Silver during the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors 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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