HC Wainwright Issues Pessimistic Forecast for Americas Gold and Silver (NYSEAMERICAN:USAS) Stock Price

Americas Gold and Silver (NYSEAMERICAN:USAS) had its price target decreased by research analysts at HC Wainwright from $9.75 to $9.25 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price would suggest a potential upside of 86.87% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. Zacks Research lowered Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Americas Gold and Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Price Performance

Shares of NYSEAMERICAN USAS opened at $4.95 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.68 and a quick ratio of 1.54. The business has a 50-day moving average of $4.63 and a 200-day moving average of $5.97. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -26.05 and a beta of 0.95. Americas Gold and Silver has a fifty-two week low of $2.18 and a fifty-two week high of $10.50.

Institutional Trading of Americas Gold and Silver

Hedge funds have recently modified their holdings of the stock. NewGen Equity Long Short Fund acquired a new position in shares of Americas Gold and Silver in the second quarter valued at approximately $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Americas Gold and Silver during the 2nd quarter worth approximately $10,574,000. Arrowstreet Capital Limited Partnership boosted its stake in Americas Gold and Silver by 554.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock valued at $23,498,000 after purchasing an additional 3,813,582 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Americas Gold and Silver in the 4th quarter valued at $12,999,000. Finally, Alps Advisors Inc. grew its holdings in Americas Gold and Silver by 62.9% in 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 in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

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.