Americas Gold and Silver (NYSEAMERICAN:USAS – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $9.25 target price on the stock. HC Wainwright’s price objective points to a potential upside of 148.99% from the stock’s previous close.
A number of other research analysts have also commented on USAS. Stifel Nicolaus began coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a “buy” rating on the stock. Zacks Research raised Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Finally, National Bank Financial began coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating on the stock. Six investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $9.25.
Check Out Our Latest Stock Report on USAS
Americas Gold and Silver Stock Down 1.5%
Shares of NYSEAMERICAN USAS traded down $0.06 during mid-day trading on Tuesday, reaching $3.72. 1,800,781 shares of the company traded hands, compared to its average volume of 5,385,235. 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 stock has a market cap of $1.26 billion, a PE ratio of -19.55 and a beta of 0.96. The company’s fifty day moving average is $4.87 and its two-hundred day moving average is $5.14. Americas Gold and Silver has a fifty-two week low of $3.52 and a fifty-two week high of $10.50.
Hedge Funds Weigh In On Americas Gold and Silver
Institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Americas Gold and Silver by 554.4% in the first 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 increased its stake in shares of Americas Gold and Silver by 14,000.0% in the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after purchasing an additional 2,100,000 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after purchasing an additional 248,877 shares during the period. Renaissance Technologies LLC bought a new position in shares of Americas Gold and Silver in the first quarter worth about $5,468,000. Finally, Hollencrest Capital Management increased its stake in shares of Americas Gold and Silver by 11.2% in the first quarter. Hollencrest Capital Management now owns 811,045 shares of the company’s stock worth $4,234,000 after purchasing an additional 81,494 shares during the period. 13.38% of the stock is currently owned by institutional investors.
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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