Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Americas Gold and Silver has a “Moderate Buy” consensus rating from six analysts: five recommend buying the stock, while one rates it a sell. The average 12-month price target is $9.25.
• Analyst views were mixed recently: HC Wainwright cut its target from $9.75 to $9.25 but maintained a buy rating, while Zacks Research downgraded the stock to “strong sell.”
• USAS opened at $5.05, well below its $9.25 consensus target, with shares ranging from $2.69 to $10.50 over the past year. Institutional investors own 13.38% of the company.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.25.

USAS has been the topic of a number of analyst reports. HC Wainwright dropped their target price on Americas Gold and Silver from $9.75 to $9.25 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Zacks Research lowered Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a report on Friday, August 14th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Americas Gold and Silver in a research note on Tuesday, May 19th.

Institutional Trading of Americas Gold and Silver

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company's stock worth $78,000 after purchasing an additional 207,724 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Americas Gold and Silver in the 1st quarter valued at about $59,000. Jane Street Group LLC lifted its stake in Americas Gold and Silver by 38.9% in the 1st quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock valued at $92,000 after buying an additional 48,616 shares in the last quarter. NewGen Equity Long Short Fund acquired a new stake in Americas Gold and Silver in the 2nd quarter worth about $25,927,000. Finally, JPMorgan Chase & Co. boosted its holdings in Americas Gold and Silver by 15.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company's stock worth $772,000 after buying an additional 129,919 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Americas Gold and Silver Stock Down 0.8%

USAS opened at $5.05 on Friday. The company has a fifty day moving average of $4.74 and a two-hundred day moving average of $5.71. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -26.58 and a beta of 1.04. Americas Gold and Silver has a fifty-two week low of $2.69 and a fifty-two week high of $10.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62.

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 and gold assets in North America. The company's core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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