Americas Gold and Silver’s (USAS) Buy Rating Reaffirmed at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $9.25 price target on the stock. HC Wainwright’s price target indicates a potential upside of 148.99% from the stock’s current price.

Several other equities analysts have also weighed in on 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. Stifel Nicolaus began coverage on Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a “buy” rating on the stock. Finally, National Bank Financial began coverage on Americas Gold and Silver in a research note on Thursday, October 8th. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Trading Down 1.5%

USAS traded down $0.06 during midday trading on Tuesday, hitting $3.72. The company’s stock had a trading volume of 2,057,374 shares, compared to its average volume of 5,388,181. 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 firm has a market cap of $1.26 billion, a P/E ratio of -19.61 and a beta of 0.96. The firm has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $5.14. Americas Gold and Silver has a 52-week low of $3.52 and a 52-week high of $10.50.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in Americas Gold and Silver during the 3rd quarter worth approximately $29,000. State of Wyoming acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $46,000. Leonteq Securities AG acquired a new position in Americas Gold and Silver during the 1st quarter worth approximately $56,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Americas Gold and Silver during the 3rd quarter worth approximately $51,000. 13.38% of the stock is owned by institutional investors and hedge funds.

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.