Stifel Nicolaus Begins Coverage on Americas Gold and Silver (NYSEAMERICAN:USAS)

Key Points

• Stifel Nicolaus initiated coverage of Americas Gold and Silver with a “buy” rating.
• Analyst sentiment is broadly positive: six analysts rate the stock a Buy and one rates it Hold, giving USAS a consensus “Moderate Buy” rating and a $9.25 price target.
• USAS shares opened at $4.02, compared with a 12-month range of $3.52 to $10.50; institutional investors own 13.38% of the company.

Equities researchers at Stifel Nicolaus initiated coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS - Get Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a "buy" rating on the stock.

A number of other research analysts have also commented on the stock. HC Wainwright restated a "buy" rating and set a $9.25 price target on shares of Americas Gold and Silver in a research report on Thursday, September 24th. National Bank Financial initiated coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They issued an "outperform" rating on the stock. Finally, Zacks Research upgraded Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Americas Gold and Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN:USAS opened at $4.02 on Wednesday. The company has a 50 day moving average of $4.96 and a 200 day moving average of $5.18. 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 stock has a market cap of $1.36 billion, a P/E ratio of -21.16 and a beta of 0.96. Americas Gold and Silver has a 12 month low of $3.52 and a 12 month high of $10.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USAS. B. Riley Wealth Advisors Inc. purchased a new stake in Americas Gold and Silver in the third quarter valued at approximately $51,000. Montrusco Bolton Investments Inc. purchased a new position in Americas Gold and Silver in the 3rd quarter worth approximately $2,914,000. Farther Finance Advisors LLC purchased a new position in Americas Gold and Silver in the 3rd quarter worth approximately $29,000. Public Employees Retirement System of Ohio bought a new position in shares of Americas Gold and Silver in the 2nd quarter worth $303,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Americas Gold and Silver in the 2nd quarter worth $94,000. 13.38% of the stock is currently owned by institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the acquisition, development, and operation of mineral properties in North America. Its production and exploration activities are primarily centered on silver, with additional exposure to lead, zinc, and other associated metals.

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

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