Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Rating Cut to “Strong Sell” at Zacks Research

Americas Gold and Silver (NYSEAMERICAN:USAS) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Other analysts have also recently issued reports about the company. HC Wainwright restated a “buy” rating and issued a $9.25 price target on shares of Americas Gold and Silver in a research note on Tuesday. Stifel Nicolaus began coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They set a “buy” rating for the company. Finally, National Bank Financial initiated coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Americas Gold and Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

Americas Gold and Silver stock opened at $3.60 on Tuesday. 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 company has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $5.12. The stock has a market cap of $1.22 billion, a P/E ratio of -18.95 and a beta of 0.96. Americas Gold and Silver has a 12-month low of $3.51 and a 12-month high of $10.50.

Institutional Trading of Americas Gold and Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAS. Farther Finance Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 3rd quarter worth approximately $29,000. State of Wyoming purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at $43,000. Pictet Asset Management Holding SA grew its position in shares of Americas Gold and Silver by 22.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after buying an additional 8,636 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at $46,000. Finally, Leonteq Securities AG acquired a new stake in Americas Gold and Silver during the 1st quarter worth $56,000. Institutional investors and hedge funds 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 primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company’s principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.