Americas Gold and Silver (NYSEAMERICAN:USAS) Price Target Cut to $9.25 by Analysts at HC Wainwright

Key Points

• HC Wainwright lowered its price target for Americas Gold and Silver from $9.75 to $9.25 but maintained a “Buy” rating, implying 86.87% potential upside from the previous close.
• Analyst sentiment remains broadly positive: five analysts rate the stock Buy and one rates it Sell, resulting in a consensus “Moderate Buy” rating and a $9.25 consensus target.
• Shares opened at $4.95 after falling 4.1%; the stock has traded between $2.18 and $10.50 over the past year, while institutional investors own 13.38% of outstanding shares.

Americas Gold and Silver (NYSEAMERICAN:USAS - Get Free Report) had its price objective dropped by stock analysts at HC Wainwright from $9.75 to $9.25 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's price objective would suggest a potential upside of 86.87% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets restated an "outperform" rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Zacks Research cut shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.

Americas Gold and Silver Stock Down 4.1%

Shares of Americas Gold and Silver stock opened at $4.95 on Wednesday. The business has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $5.97. The stock has a market cap of $1.67 billion, a PE ratio of -26.05 and a beta of 0.95. The company has a quick ratio of 1.54, a current ratio of 1.68 and a debt-to-equity ratio of 0.19. Americas Gold and Silver has a 12 month low of $2.18 and a 12 month high of $10.50.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in USAS. State of Wyoming acquired a new stake in shares of Americas Gold and Silver during the first quarter worth $43,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver during the 1st quarter worth about $46,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at about $46,000. Truist Financial Corp acquired a new stake in shares of Americas Gold and Silver in the 4th quarter valued at about $51,000. Finally, Leonteq Securities AG bought a new stake in shares of Americas Gold and Silver in the first quarter valued at about $56,000. Institutional investors own 13.38% of the company's stock.

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 and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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