Americas Gold and Silver (NYSEAMERICAN:USAS) Earns “Buy” Rating from HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report released on Tuesday, Benzinga reports. They presently have a $9.25 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 156.59% from the stock’s previous close.

Several other research analysts have also weighed in on USAS. Stifel Nicolaus began coverage on Americas Gold and Silver in a research note on Wednesday, October 14th. They set a “buy” rating for the company. Zacks Research raised Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Finally, National Bank Financial initiated coverage on shares of Americas Gold and Silver in a research note on Thursday, October 8th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Price Performance

NYSEAMERICAN:USAS traded down $0.17 during trading hours on Tuesday, reaching $3.61. 3,142,254 shares of the company were exchanged, compared to its average volume of 5,393,651. 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 stock’s 50-day moving average is $4.87 and its 200-day moving average is $5.14. The firm has a market cap of $1.22 billion, a PE ratio of -19.08 and a beta of 0.96. Americas Gold and Silver has a twelve month low of $3.52 and a twelve month high of $10.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position 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 purchasing an additional 3,813,582 shares during the last quarter. Gabelli Funds LLC increased its holdings 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 valued at $11,040,000 after purchasing an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Americas Gold and Silver by 16.7% during 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 purchasing an additional 248,877 shares during the period. Renaissance Technologies LLC bought a new position in Americas Gold and Silver in the first quarter valued at approximately $5,468,000. Finally, Hollencrest Capital Management grew its holdings in Americas Gold and Silver by 11.2% during the first quarter. Hollencrest Capital Management now owns 811,045 shares of the company’s stock valued at $4,234,000 after purchasing an additional 81,494 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

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.