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

Key Points

• HC Wainwright reaffirmed its Buy rating on Americas Gold and Silver and maintained a $9.25 price target, implying approximately 90.7% upside from the reported $4.85 share price.
• Zacks Research upgraded the stock from Strong Sell to Hold. Overall, five analysts rate the shares Buy and one rates them Hold, giving USAS a consensus Moderate Buy rating and a $9.25 consensus target.
• Americas Gold and Silver has a $1.64 billion market capitalization, while institutional investors own 13.38% of the company; several funds recently initiated positions.

Americas Gold and Silver (NYSEAMERICAN:USAS - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a report issued on Thursday, Benzinga reports. They presently have a $9.25 target price on the stock. HC Wainwright's price objective would suggest a potential upside of 90.72% from the stock's current price.

Separately, Zacks Research upgraded Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Americas Gold and Silver has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

Shares of USAS stock opened at $4.85 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Americas Gold and Silver has a 12 month low of $3.08 and a 12 month high of $10.50. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -25.53 and a beta of 1.04. The stock has a 50-day moving average price of $4.84 and a 200 day moving average price of $5.45.

Institutional Trading of Americas Gold and Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at about $303,000. FNY Investment Advisers LLC bought a new position in Americas Gold and Silver during the second quarter worth about $94,000. Rathbones Group PLC bought a new position in Americas Gold and Silver during the first quarter worth about $61,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver during the first quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Americas Gold and Silver in the first quarter valued at approximately $65,000. 13.38% of the stock is owned by institutional investors.

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.

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