Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Gets Downgrade from Zacks Research

Key Points

• Zacks Research downgraded Americas Gold and Silver from “hold” to “strong sell,” despite the broader analyst consensus remaining “Moderate Buy.”
• HC Wainwright, Stifel Nicolaus, and National Bank Financial maintain positive views, with six analysts rating the stock a Buy and a consensus price target of $9.25.
• USAS opened at $3.60, near its 12-month low of $3.51, while hedge funds and other institutions own 13.38% of the company.

Americas Gold and Silver (NYSEAMERICAN:USAS - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday, Zacks reports.

Other analysts have also recently issued research reports about the stock. HC Wainwright reissued a "buy" rating and set a $9.25 price target on shares of Americas Gold and Silver in a research report on Tuesday. Stifel Nicolaus began coverage on shares of Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a "buy" rating for the company. Finally, National Bank Financial started coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They issued an "outperform" rating for the company. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

USAS opened at $3.60 on Tuesday. The stock's 50-day moving average price is $4.81 and its 200 day moving average price is $5.12. Americas Gold and Silver has a 12-month low of $3.51 and a 12-month high of $10.50. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -18.95 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in Americas Gold and Silver during the 3rd quarter worth $29,000. State of Wyoming acquired a new stake in Americas Gold and Silver in the 1st quarter valued at about $43,000. NewEdge Advisors LLC acquired a new stake in Americas Gold and Silver in the 1st quarter valued at about $46,000. Leonteq Securities AG purchased a new position in shares of Americas Gold and Silver in the 1st quarter valued at about $56,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Americas Gold and Silver in the 3rd quarter valued at about $51,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

The company's principal producing assets include the Galena Complex in Idaho, which is an underground silver-lead mining operation, and the Cosalá Operations in Sinaloa, Mexico. The Cosalá complex includes the San Rafael mine and associated processing infrastructure.

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