Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Americas Gold and Silver from “strong sell” to “hold.” HC Wainwright separately maintained a “buy” rating while lowering its price target to $9.25.
• Analysts collectively rate the stock “Moderate Buy,” with five Buy ratings and one Hold rating and an average price target of $9.25.
• Shares opened at $5.26, up 4.8%, with a market capitalization of approximately $1.78 billion. Institutional investors own 13.38% of the company, which operates precious-metals assets in Mexico and Idaho.

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

Separately, HC Wainwright reduced their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.25.

Americas Gold and Silver Stock Up 4.8%

Shares of NYSEAMERICAN USAS opened at $5.26 on Monday. The firm has a market capitalization of $1.78 billion, a PE ratio of -27.68 and a beta of 1.04. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. Americas Gold and Silver has a 1 year low of $3.08 and a 1 year high of $10.50. The firm's 50-day moving average is $4.82 and its 200-day moving average is $5.47.

Hedge Funds Weigh In On Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Americas Gold and Silver in the 2nd quarter valued at $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 bought a new position in Americas Gold and Silver during the first quarter worth about $46,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter valued at about $65,000. 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, 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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