Americas Gold and Silver (NYSEAMERICAN:USAS) Receives Buy Rating from HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a report issued on Thursday, Benzinga reports. They currently have a $9.25 target price on the stock. HC Wainwright’s price objective points to a potential upside of 98.41% from the stock’s current price.

Separately, Zacks Research raised Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Trading Down 3.9%

NYSEAMERICAN:USAS traded down $0.19 during midday trading on Thursday, hitting $4.66. The stock had a trading volume of 761,546 shares, compared to its average volume of 5,592,480. Americas Gold and Silver has a one year low of $3.08 and a one year high of $10.50. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -24.55 and a beta of 1.04. The stock has a 50-day moving average of $4.84 and a 200 day moving average of $5.45. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in shares of Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after purchasing an additional 2,267,956 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after purchasing an additional 3,813,582 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after purchasing an additional 2,100,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Americas Gold and Silver by 16.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock valued at $9,043,000 after acquiring an additional 248,877 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Americas Gold and Silver in the first quarter valued at approximately $5,468,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.