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

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 target boosted by HC Wainwright from $1.30 to $3.40 in a research report report published on Wednesday,Benzinga reports. They currently have 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 Stock Performance

NYSEAMERICAN USAS traded up $0.22 on Wednesday, reaching $3.00. 2,353,018 shares of the company's stock traded hands, compared to its average volume of 1,452,016. The stock has a 50 day moving average price of $2.56 and a 200-day moving average price of $1.96. The firm has a market cap of $807.75 million, a price-to-earnings ratio of -9.23 and a beta of 0.63. Americas Gold and Silver has a fifty-two week low of $0.68 and a fifty-two week high of $3.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.14.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company's stock worth $32,000 after acquiring an additional 14,000 shares during the period. Cetera Investment Advisers raised its position in shares of Americas Gold and Silver by 4.8% during the 4th 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 raised its position in shares of Americas Gold and Silver by 38.9% during the 1st 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. Baader Bank Aktiengesellschaft acquired a new position in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Americas Gold and Silver during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 13.38% of the company's stock.

About Americas Gold and Silver

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.