Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price Expected to Rise, HC Wainwright Analyst Says

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 target price boosted by HC Wainwright from $1.30 to $3.40 in a research report released 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 Trading Up 7.9%

Shares of NYSEAMERICAN USAS traded up $0.22 during midday 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 firm has a market cap of $807.75 million, a P/E 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 current ratio of 1.14 and a quick ratio of 1.03. The company's 50-day simple moving average is $2.56 and its 200 day simple moving average is $1.96.

Institutional Trading of Americas Gold and Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft acquired a new stake in Americas Gold and Silver in the second quarter worth about $46,000. B. Riley Wealth Advisors Inc. acquired a new stake in Americas Gold and Silver in the second quarter worth about $46,000. Goldman Sachs Group Inc. increased its position in 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 purchasing an additional 14,000 shares during the period. Fiducient Advisors LLC acquired a new stake in Americas Gold and Silver in the second quarter worth about $81,000. Finally, Lido Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the second quarter worth $85,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.