Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Americas Gold and Silver, with five buy ratings and one hold. The average 12-month price target is $9.25, versus a recent share price of $4.24.
• Zacks Research upgraded the stock from “strong sell” to “hold,” while HC Wainwright reiterated its “buy” rating and National Bank Financial initiated coverage with an “outperform” rating.
• Institutional investors own 13.38% of the company, with several hedge funds recently establishing new positions. The stock rose 1.7% in mid-day trading but remains below its 52-week high of $10.50.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.25.

Several analysts have weighed in on the company. Zacks Research raised Americas Gold and Silver from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. HC Wainwright reissued a "buy" rating and issued a $9.25 target price on shares of Americas Gold and Silver in a research report on Thursday, September 24th. Finally, National Bank Financial initiated coverage on Americas Gold and Silver in a research report on Thursday. They set an "outperform" rating on the stock.

Institutional Trading of Americas Gold and Silver

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Americas Gold and Silver in the 2nd quarter worth about $303,000. FNY Investment Advisers LLC purchased a new stake in Americas Gold and Silver in the second quarter worth about $94,000. Rathbones Group PLC purchased a new stake in Americas Gold and Silver in the first quarter worth about $61,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $46,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $65,000. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Trading Up 1.7%

Americas Gold and Silver stock traded up $0.07 during mid-day trading on Thursday, reaching $4.24. 3,431,651 shares of the company traded hands, compared to its average volume of 5,492,860. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41. Americas Gold and Silver has a 52-week low of $3.52 and a 52-week high of $10.50. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -22.32 and a beta of 0.96. The firm's 50 day moving average price is $4.95 and its 200 day moving average price is $5.23.

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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