HC Wainwright Increases Americas Gold and Silver (NYSEAMERICAN:USAS) Price Target to $3.40

Key Points

• HC Wainwright has raised the price target for Americas Gold and Silver's stock from $1.30 to $3.40, indicating a potential upside of 19.30% from its current price.
• The company's stock is currently priced at $2.85, with a market capitalization of approximately $767.36 million and a price-to-earnings ratio of -8.77.
• Institutional investors have significantly increased their stakes, with Merk Investments LLC upping its position by 2,486.3% in recent months.

Americas Gold and Silver (NYSEAMERICAN:USAS - Free Report) had its price objective raised by HC Wainwright from $1.30 to $3.40 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for Americas Gold and Silver's FY2025 earnings at ($0.16) EPS.

Americas Gold and Silver Trading Up 7.9%

USAS traded up $0.22 during mid-day trading on Wednesday, hitting $3.00. The stock had a trading volume of 2,353,018 shares, compared to its average volume of 1,452,016. The stock's fifty day simple moving average is $2.56 and its 200-day simple moving average is $1.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.14 and a quick ratio of 1.03. The firm has a market capitalization of $807.75 million, a price-to-earnings ratio of -9.23 and a beta of 0.63. Americas Gold and Silver has a 1-year low of $0.68 and a 1-year high of $3.05.

Institutional Investors Weigh In On Americas Gold and Silver

Several large investors have recently made changes to their positions in USAS. Bank of America Corp DE increased its position 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 acquiring an additional 207,724 shares in the last quarter. Cetera Investment Advisers increased its position 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 acquiring an additional 19,696 shares in the last quarter. NewGen Asset Management Ltd increased its position in shares of Americas Gold and Silver by 447.7% during the first quarter. NewGen Asset Management Ltd now owns 31,609,000 shares of the company's stock worth $16,664,000 after acquiring an additional 25,837,788 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of Americas Gold and Silver during the first quarter worth $2,819,000. Finally, Alps Advisors Inc. increased its position in shares of Americas Gold and Silver by 1,587.0% during the first quarter. Alps Advisors Inc. now owns 1,609,368 shares of the company's stock worth $848,000 after acquiring an additional 1,513,968 shares in the last quarter. Institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Company Profile

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.