Zacks Research cut shares of Americas Gold and Silver (NYSEAMERICAN:USAS – Free Report) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks reports.
Several other brokerages have also recently issued reports on USAS. Stifel Nicolaus began coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating on the stock. HC Wainwright reissued a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a research note on Tuesday. Finally, National Bank Financial initiated coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.
Read Our Latest Stock Analysis on USAS
Americas Gold and Silver Price Performance
USAS opened at $3.60 on Tuesday. The stock’s 50-day moving average price is $4.81 and its 200 day moving average price is $5.12. Americas Gold and Silver has a 12-month low of $3.51 and a 12-month high of $10.50. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -18.95 and a beta of 0.96.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 period. Gabelli Funds LLC raised its position in Americas Gold and Silver by 14,000.0% in the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock valued at $11,040,000 after purchasing an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Americas Gold and Silver by 16.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after buying an additional 248,877 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $5,468,000. Finally, Hollencrest Capital Management boosted its stake in shares of Americas Gold and Silver by 11.2% in the 1st quarter. Hollencrest Capital Management now owns 811,045 shares of the company’s stock valued at $4,234,000 after buying an additional 81,494 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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