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

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued on Thursday, Benzinga reports. They presently have a $9.25 price target on the stock. HC Wainwright’s price target indicates a potential upside of 99.96% from the stock’s previous close.

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 issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.25.

Americas Gold and Silver Price Performance

Shares of USAS traded down $0.22 during mid-day trading on Thursday, reaching $4.63. The company had a trading volume of 927,209 shares, compared to its average volume of 5,593,321. Americas Gold and Silver has a twelve month low of $3.08 and a twelve month high of $10.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. The company’s 50-day moving average is $4.84 and its 200-day moving average is $5.45. The company has a market capitalization of $1.56 billion, a P/E ratio of -24.39 and a beta of 1.04.

Institutional Investors Weigh In On Americas Gold and Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in Americas Gold and Silver during the 1st quarter valued at $43,000. Pictet Asset Management Holding SA increased its holdings in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after purchasing an additional 8,636 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Americas Gold and Silver during the 1st quarter valued at $46,000. Leonteq Securities AG acquired a new stake in Americas Gold and Silver during the 1st quarter valued at $56,000. Finally, Swiss National Bank increased its holdings in Americas Gold and Silver by 2.5% during the 1st quarter. Swiss National Bank now owns 443,600 shares of the company’s stock valued at $2,312,000 after purchasing an additional 10,800 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Gold and Silver Company Profile

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.