Americas Gold and Silver (NYSEAMERICAN:USAS) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Americas Gold and Silver (NYSEAMERICAN:USAS) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

Separately, HC Wainwright decreased their target price on Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Americas Gold and Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS opened at $5.26 on Monday. Americas Gold and Silver has a 12 month low of $3.08 and a 12 month high of $10.50. 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 capitalization of $1.78 billion, a PE ratio of -27.68 and a beta of 1.04. The business’s fifty day moving average price is $4.82 and its 200 day moving average price is $5.47.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Americas Gold and Silver in the first quarter valued at about $43,000. Pictet Asset Management Holding SA grew its holdings in shares of Americas Gold and Silver by 22.0% during the first quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after buying an additional 8,636 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the 1st quarter valued at about $46,000. Leonteq Securities AG acquired a new position in Americas Gold and Silver in the 1st quarter valued at about $56,000. Finally, Swiss National Bank raised its stake in Americas Gold and Silver by 2.5% during the 1st quarter. Swiss National Bank now owns 443,600 shares of the company’s stock valued at $2,312,000 after acquiring an additional 10,800 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.