Americas Gold and Silver’s (USAS) Buy Rating Reaffirmed at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a report released on Thursday, Benzinga reports. They presently have a $9.25 price target on the stock. HC Wainwright’s price objective points to a potential upside of 97.06% from the company’s current price.

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

Americas Gold and Silver Stock Performance

NYSEAMERICAN:USAS traded down $0.16 during trading hours on Thursday, reaching $4.69. The company had a trading volume of 1,565,049 shares, compared to its average volume of 5,596,725. 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 cap of $1.59 billion, a PE ratio of -24.82 and a beta of 1.04. The business’s 50 day moving average price is $4.84 and its 200-day moving average price is $5.45. 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 Inflows and Outflows

Several large investors have recently made changes to their positions in USAS. State of Wyoming acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $43,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $46,000. Leonteq Securities AG acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $56,000. Rathbones Group PLC acquired a new position in Americas Gold and Silver in the 1st quarter valued at $61,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Americas Gold and Silver in the 1st quarter valued at $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.