Americas Gold and Silver (NYSEAMERICAN:USAS) Now Covered by BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a research note issued on Wednesday. The firm set an “outperform” rating on the stock.

A number of other equities analysts have also weighed in on USAS. TD Securities initiated coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. Canaccord Genuity Group initiated coverage on Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $9.75 target price on shares of Americas Gold and Silver in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Stock Up 11.8%

Shares of Americas Gold and Silver stock opened at $5.22 on Wednesday. The company has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $5.64. The stock has a market capitalization of $1.67 billion, a PE ratio of -20.08 and a beta of 0.53. Americas Gold and Silver has a 52-week low of $0.99 and a 52-week high of $10.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in USAS. NewGen Equity Long Short Fund bought a new position in Americas Gold and Silver during the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver in the 2nd quarter worth approximately $10,574,000. Alps Advisors Inc. raised its stake in Americas Gold and Silver by 62.9% during the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after buying an additional 2,267,956 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Americas Gold and Silver by 56.0% during the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after buying an additional 2,000,563 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after buying an additional 869,500 shares during the period. 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 and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.