Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Receives $9.75 Average Price Target from Brokerages

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.25.

Several equities research analysts have weighed in on USAS shares. BMO Capital Markets reissued an “outperform” rating on shares of Americas Gold and Silver in a research report on Tuesday, May 19th. Zacks Research cut shares of Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Finally, HC Wainwright lowered their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating for the company in a research note on Wednesday, August 19th.

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS opened at $5.39 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. Americas Gold and Silver has a fifty-two week low of $2.32 and a fifty-two week high of $10.50. The firm has a market cap of $1.82 billion, a PE ratio of -28.37 and a beta of 0.95. The business has a 50 day moving average price of $4.65 and a 200-day moving average price of $5.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Americas Gold and Silver by 273,321.1% in the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after buying an additional 207,724 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $59,000. Jane Street Group LLC raised its holdings in shares of Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock valued at $92,000 after acquiring an additional 48,616 shares in the last quarter. NewGen Equity Long Short Fund purchased a new stake in Americas Gold and Silver in the second quarter worth $25,927,000. Finally, JPMorgan Chase & Co. lifted its stake in Americas Gold and Silver by 15.7% in the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock worth $772,000 after acquiring an additional 129,919 shares during the period. Institutional investors 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 exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.