Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Rating Reaffirmed as “Buy” by HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reaffirmed by 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 suggests a potential upside of 149.66% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus started coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They issued a “buy” rating for the company. 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 started coverage on Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS traded down $0.07 during midday trading on Tuesday, reaching $3.71. The stock had a trading volume of 2,223,776 shares, compared to its average volume of 5,389,501. The firm has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $5.14. Americas Gold and Silver has a 12-month low of $3.52 and a 12-month high of $10.50. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.25 billion, a P/E ratio of -19.50 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth $29,000. State of Wyoming acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth $43,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth $46,000. Leonteq Securities AG acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth $56,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Americas Gold and Silver during the 3rd quarter worth $51,000. Institutional investors and hedge funds 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 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.