HC Wainwright Reaffirms "Buy" Rating for Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver (NYSEAMERICAN:USAS - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at HC Wainwright in a note issued to investors on Thursday, Benzinga reports. They presently have a $9.25 target price on the stock. HC Wainwright's price objective would indicate a potential upside of 112.16% from the company's current price.

Separately, Zacks Research upgraded Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.25.

Americas Gold and Silver Price Performance

Shares of USAS traded down $0.14 during trading hours on Thursday, reaching $4.36. The stock had a trading volume of 3,326,026 shares, compared to its average volume of 5,575,685. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. Americas Gold and Silver has a 12 month low of $3.52 and a 12 month high of $10.50. The stock has a market capitalization of $1.47 billion, a PE ratio of -22.95 and a beta of 1.04. The company's 50-day moving average is $4.90 and its two-hundred day moving average is $5.34.

Institutional Trading of Americas Gold and Silver

Hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Americas Gold and Silver in the 1st quarter worth $43,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver during the first quarter valued at about $46,000. Leonteq Securities AG bought a new stake in Americas Gold and Silver in the 1st quarter worth about $56,000. Rathbones Group PLC bought a new stake in Americas Gold and Silver in the 1st quarter worth about $61,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Americas Gold and Silver in the 1st quarter valued at about $65,000. Institutional investors 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.