Americas Gold and Silver (NYSEAMERICAN:USAS) Given Buy Rating at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a note issued to investors on Tuesday, Benzinga reports. They currently have a $9.25 target price on the stock. HC Wainwright’s target price would indicate a potential upside of 144.97% from the company’s current price.

A number of other equities analysts also recently commented on USAS. Stifel Nicolaus started coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They issued a “buy” rating on the stock. National Bank Financial started coverage on Americas Gold and Silver in a research note on Thursday, October 8th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Trading Up 0.2%

Americas Gold and Silver stock traded up $0.01 during midday trading on Tuesday, reaching $3.78. The stock had a trading volume of 911,398 shares, compared to its average volume of 5,381,144. Americas Gold and Silver has a twelve month low of $3.52 and a twelve month high of $10.50. The stock has a market capitalization of $1.28 billion, a PE ratio of -19.87 and a beta of 0.96. 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’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $5.14.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares during the period. Gabelli Funds LLC grew its position in 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 valued at $11,040,000 after acquiring an additional 2,100,000 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Americas Gold and Silver during the first quarter valued at approximately $5,468,000. Montrusco Bolton Investments Inc. purchased a new stake in shares of Americas Gold and Silver during the third quarter valued at approximately $2,914,000. Finally, Walleye Capital LLC raised its stake in shares of Americas Gold and Silver by 110.3% during the first quarter. Walleye Capital LLC now owns 706,630 shares of the company’s stock valued at $3,689,000 after purchasing an additional 370,683 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

About Americas Gold and Silver

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.