Americas Gold and Silver (NYSEAMERICAN:USAS) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a research note released on Wednesday, Marketbeat.com reports. The firm issued a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Zacks Research upgraded shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. HC Wainwright reiterated a “buy” rating and issued a $9.25 price objective on shares of Americas Gold and Silver in a research note on Thursday, September 24th. Finally, National Bank Financial started 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Trading Down 2.1%

Shares of Americas Gold and Silver stock opened at $3.78 on Wednesday. Americas Gold and Silver has a 52-week low of $3.52 and a 52-week high of $10.50. The stock’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $5.15. The stock has a market capitalization of $1.28 billion, a P/E ratio of -19.89 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.

Institutional Investors Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $29,000. State of Wyoming purchased a new position in Americas Gold and Silver during the first quarter valued at approximately $43,000. Pictet Asset Management Holding SA increased its holdings in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock worth $249,000 after acquiring an additional 8,636 shares during the period. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver during the 1st quarter worth approximately $46,000. Finally, Leonteq Securities AG bought a new stake in Americas Gold and Silver during the 1st quarter worth approximately $56,000. 13.38% of the stock is currently owned by institutional investors.

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.