Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.25.

USAS has been the subject of a number of research analyst reports. Stifel Nicolaus started coverage on shares of Americas Gold and Silver in a report on Wednesday. They set a “buy” rating on the stock. Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. National Bank Financial began coverage on shares of Americas Gold and Silver in a research note on Thursday, October 8th. They set an “outperform” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $9.25 price target on shares of Americas Gold and Silver in a research report on Thursday, September 24th.

Institutional Trading of Americas Gold and Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in USAS. Farther Finance Advisors LLC purchased a new stake in Americas Gold and Silver during the 3rd quarter worth about $29,000. State of Wyoming purchased a new position in Americas Gold and Silver in the first quarter valued at $43,000. Pictet Asset Management Holding SA raised its stake in Americas Gold and Silver by 22.0% in the first quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after buying an additional 8,636 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Americas Gold and Silver during the 1st quarter worth about $46,000. Finally, Leonteq Securities AG acquired a new position in Americas Gold and Silver in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Trading Down 8.0%

USAS stock opened at $3.70 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. Americas Gold and Silver has a 52-week low of $3.52 and a 52-week high of $10.50. The company’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $5.17. The firm has a market cap of $1.25 billion, a P/E ratio of -19.47 and a beta of 0.96.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the acquisition, development, and operation of mineral properties in North America. Its production and exploration activities are primarily centered on silver, with additional exposure to lead, zinc, and other associated metals.

The company’s principal assets include the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and related processing and infrastructure, while the Galena Complex is an underground silver-lead mining operation.