Americas Gold and Silver’s (USAS) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a research note published on Thursday morning,Benzinga reports. HC Wainwright currently has a $9.25 price objective on the stock.

Separately, Zacks Research upgraded Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.25.

Americas Gold and Silver Price Performance

USAS stock opened at $4.83 on Thursday. Americas Gold and Silver has a 1 year low of $3.28 and a 1 year high of $10.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. The stock’s 50 day moving average price is $4.88 and its 200 day moving average price is $5.42. The firm has a market cap of $1.63 billion, a P/E ratio of -25.42 and a beta of 1.04.

Institutional Trading of Americas Gold and Silver

Several hedge funds and other institutional investors have recently bought and sold shares of USAS. Public Employees Retirement System of Ohio acquired a new position in Americas Gold and Silver in the 2nd quarter valued at $303,000. FNY Investment Advisers LLC acquired a new stake in shares of Americas Gold and Silver during the second quarter worth $94,000. Rathbones Group PLC purchased a new stake in shares of Americas Gold and Silver in the first quarter valued at $61,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver in the first quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter valued at $65,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.