Americas Gold and Silver (NYSEAMERICAN:USAS) Earns “Buy” Rating from HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $9.25 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 96.60% from the company’s current price.

Separately, Zacks Research upgraded Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

Shares of USAS opened at $4.71 on Thursday. The stock’s 50 day moving average is $4.84 and its two-hundred day moving average is $5.45. The firm has a market capitalization of $1.59 billion, a PE ratio of -24.76 and a beta of 1.04. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. Americas Gold and Silver has a twelve month low of $3.08 and a twelve month high of $10.50.

Hedge Funds Weigh In On Americas Gold and Silver

Several large investors have recently modified their holdings of USAS. Alps Advisors Inc. lifted its holdings in Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after acquiring an additional 2,267,956 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Americas Gold and Silver by 554.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Americas Gold and Silver by 14,000.0% in the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after acquiring an additional 2,100,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Americas Gold and Silver by 16.7% during 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 buying an additional 248,877 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Americas Gold and Silver during the first quarter valued at approximately $5,468,000. 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, 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.