Americas Gold and Silver (NYSEAMERICAN:USAS) Receives Buy Rating from HC Wainwright

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $9.75 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 51.40% from the company’s previous close.

USAS has been the topic of a number of other research reports. TD Securities assumed coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They set a “buy” rating on the stock. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a research note on Tuesday, February 24th. They set a “buy” rating on the stock. Finally, BMO Capital Markets assumed coverage on shares of Americas Gold and Silver in a research note on Wednesday, April 1st. They set an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.75.

Americas Gold and Silver Trading Up 5.6%

NYSEAMERICAN USAS opened at $6.44 on Friday. The stock has a 50 day simple moving average of $7.09 and a two-hundred day simple moving average of $5.82. The stock has a market cap of $2.06 billion, a P/E ratio of -19.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.66 and a current ratio of 1.78. Americas Gold and Silver has a fifty-two week low of $1.24 and a fifty-two week high of $10.50.

Institutional Investors Weigh In On Americas Gold and Silver

Several hedge funds have recently bought and sold shares of USAS. Bank of America Corp DE boosted its stake in Americas Gold and Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after acquiring an additional 207,724 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Americas Gold and Silver during the first quarter worth about $59,000. Jane Street Group LLC boosted its stake in Americas Gold and Silver by 38.9% during the first quarter. Jane Street Group LLC now owns 173,614 shares of the company’s stock worth $92,000 after acquiring an additional 48,616 shares in the last quarter. NewGen Equity Long Short Fund bought a new stake in Americas Gold and Silver during the second quarter worth about $25,927,000. Finally, JPMorgan Chase & Co. boosted its stake in Americas Gold and Silver by 15.7% during the second quarter. JPMorgan Chase & Co. now owns 955,284 shares of the company’s stock worth $772,000 after acquiring an additional 129,919 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

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.