Americas Gold and Silver (NYSEAMERICAN:USAS - Free Report) had its price objective raised by HC Wainwright from $1.00 to $1.30 in a research note released on Thursday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.
Americas Gold and Silver Stock Up 3.6%
Shares of Americas Gold and Silver stock traded up $0.04 during trading on Thursday, reaching $1.03. The company's stock had a trading volume of 3,188,657 shares, compared to its average volume of 1,236,553. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $685.89 million, a P/E ratio of -7.88 and a beta of 0.62. Americas Gold and Silver has a 1-year low of $0.21 and a 1-year high of $1.05. The company has a 50-day moving average price of $0.73.
Institutional Investors Weigh In On Americas Gold and Silver
Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Americas Gold and Silver by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after purchasing an additional 14,000 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Americas Gold and Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock worth $167,000 after purchasing an additional 19,696 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company's stock worth $92,000 after purchasing an additional 48,616 shares during the last quarter. Merk Investments LLC grew its holdings in shares of Americas Gold and Silver by 1.9% during the fourth quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock worth $1,050,000 after buying an additional 50,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Americas Gold and Silver during the second quarter worth about $46,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.
About Americas Gold and Silver
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Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.
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