Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts collectively rate Americas Gold and Silver “Moderate Buy.” Six of seven analysts recommend buying the stock, one recommends selling, and the average 12-month price target is $9.25.
• Institutional interest has increased, with several major investors adding or initiating positions; hedge funds and other institutions collectively own 13.38% of the company.
• USAS opened at $2.87, near its one-year low of $2.76 and well below its one-year high of $10.50, while the company operates silver-focused mining assets in Idaho and Mexico.

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

A number of research firms have commented on USAS. HC Wainwright reiterated a "buy" rating and set a $9.25 target price on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. National Bank Financial initiated coverage on shares of Americas Gold and Silver in a research note on Thursday, October 8th. They issued an "outperform" rating for the company. Zacks Research cut shares of Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus assumed coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a "buy" rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USAS. Arrowstreet Capital Limited Partnership grew its stake in shares of Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company's stock worth $23,498,000 after buying an additional 3,813,582 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $11,397,000. Gabelli Funds LLC increased its stake in Americas Gold and Silver by 14,000.0% during the first quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company's stock worth $11,040,000 after purchasing an additional 2,100,000 shares during the period. Renaissance Technologies LLC purchased a new position in Americas Gold and Silver in the first quarter valued at approximately $5,468,000. Finally, Montrusco Bolton Investments Inc. purchased a new stake in Americas Gold and Silver during the 3rd quarter valued at approximately $2,914,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Stock Performance

USAS opened at $2.87 on Monday. The company's 50 day simple moving average is $4.51 and its two-hundred day simple moving average is $5.70. The firm has a market capitalization of $970.49 million, a price-to-earnings ratio of -15.11 and a beta of 0.98. 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 1-year low of $2.76 and a 1-year high of $10.50.

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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