Americas Gold and Silver (NYSEAMERICAN:USAS) Given “Buy” Rating at HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report released on Thursday, Benzinga reports. They currently have a $9.25 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 96.60% from the company’s previous close.

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

Americas Gold and Silver Trading Down 3.0%

Shares of NYSEAMERICAN:USAS traded down $0.15 during midday trading on Thursday, reaching $4.71. The company’s stock had a trading volume of 382,375 shares, compared to its average volume of 5,591,339. Americas Gold and Silver has a fifty-two week low of $3.08 and a fifty-two week high of $10.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The firm has a 50 day moving average price of $4.84 and a two-hundred day moving average price of $5.45. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -24.77 and a beta of 1.04.

Hedge Funds Weigh In On Americas Gold and Silver

Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Americas Gold and Silver during the second quarter valued at about $303,000. FNY Investment Advisers LLC acquired a new position in shares of Americas Gold and Silver during the second quarter valued at about $94,000. Rathbones Group PLC acquired a new position in shares of Americas Gold and Silver during the first quarter valued at about $61,000. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the first quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Americas Gold and Silver during the first quarter valued at about $65,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.