Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 52-Week Low Following Analyst Downgrade

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) shares reached a new 52-week low on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $3.51 and last traded at $3.5350, with a volume of 1,945,446 shares trading hands. The stock had previously closed at $3.61.

Several other research analysts have also recently issued reports on the stock. National Bank Financial initiated coverage on shares of Americas Gold and Silver in a report on Thursday, October 8th. They issued an “outperform” rating for the company. HC Wainwright reissued a “buy” rating and set a $9.25 target price on shares of Americas Gold and Silver in a report on Tuesday. Finally, Stifel Nicolaus started coverage on Americas Gold and Silver in a research report on Wednesday, October 14th. They issued a “buy” rating for the company. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Americas Gold and Silver currently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USAS. Farther Finance Advisors LLC purchased a new position in shares of Americas Gold and Silver in the third quarter worth approximately $29,000. State of Wyoming purchased a new stake in shares of Americas Gold and Silver in the 1st quarter valued at approximately $43,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver in the 1st quarter valued at approximately $46,000. Brookstone Capital Management purchased a new stake in shares of Americas Gold and Silver in the 3rd quarter valued at approximately $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Americas Gold and Silver in the 3rd quarter worth approximately $51,000. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Stock Down 11.4%

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 has a market cap of $1.08 billion, a price-to-earnings ratio of -16.79 and a beta of 0.96. The business’s 50 day moving average is $4.77 and its 200 day moving average is $5.10.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused primarily on the exploration, development and production of silver, with additional exposure to zinc, lead and gold. The company owns and operates mining and processing assets in North America.

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