Americas Gold and Silver (NYSEAMERICAN:USAS) Raised to Hold at Zacks Research

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

Separately, HC Wainwright cut their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Americas Gold and Silver currently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Trading Up 4.8%

Shares of NYSEAMERICAN:USAS opened at $5.26 on Monday. The business’s 50-day moving average is $4.82 and its 200 day moving average is $5.47. Americas Gold and Silver has a 1 year low of $3.08 and a 1 year high of $10.50. The firm has a market capitalization of $1.78 billion, a P/E ratio of -27.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in Americas Gold and Silver by 62.9% in 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Americas Gold and Silver by 554.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after buying an additional 3,813,582 shares during the period. Gabelli Funds LLC increased 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 valued at $11,040,000 after buying an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of 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 worth $9,043,000 after acquiring an additional 248,877 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Americas Gold and Silver during the 1st quarter worth about $5,468,000. 13.38% of the stock is 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.