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

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by 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 price objective would indicate a potential upside of 96.06% from the stock’s current price.

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

Americas Gold and Silver Stock Down 2.7%

USAS traded down $0.13 during midday trading on Thursday, reaching $4.72. The company’s stock had a trading volume of 1,271,235 shares, compared to its average volume of 5,596,054. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -24.83 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 1 year low of $3.08 and a 1 year high of $10.50. The stock’s 50-day moving average is $4.84 and its 200-day moving average is $5.45.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of Americas Gold and Silver during the first quarter worth approximately $43,000. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver in the first quarter worth $46,000. Leonteq Securities AG purchased a new position in Americas Gold and Silver in the first quarter worth $56,000. Rathbones Group PLC purchased a new position in Americas Gold and Silver in the first quarter worth $61,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Americas Gold and Silver in the first quarter worth $65,000. 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.