Americas Gold and Silver’s (USAS) “Buy” Rating Reiterated at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating restated by HC Wainwright in a report released on Thursday, MarketBeat reports. They presently have a $1.30 target price on the stock, up from their prior target price of $1.00. HC Wainwright’s price objective would indicate a potential upside of 29.35% from the company’s previous close.

Americas Gold and Silver Trading Down 3.4%

USAS stock traded down $0.04 during trading on Thursday, hitting $1.01. The company had a trading volume of 1,517,393 shares, compared to its average volume of 1,242,200. The company has a market capitalization of $672.51 million, a price-to-earnings ratio of -7.73 and a beta of 0.62. The firm has a 50 day moving average price of $0.74. Americas Gold and Silver has a fifty-two week low of $0.21 and a fifty-two week high of $1.07. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.10.

Institutional Trading of Americas Gold and Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Americas Gold and Silver by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after purchasing an additional 14,000 shares during the period. Cetera Investment Advisers increased its holdings in shares of Americas Gold and Silver by 4.8% in the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock valued at $167,000 after purchasing an additional 19,696 shares during the period. Jane Street Group LLC increased its holdings in shares of Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after purchasing an additional 48,616 shares during the period. Merk Investments LLC increased its holdings in shares of Americas Gold and Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock valued at $1,050,000 after purchasing an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Americas Gold and Silver in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.