HC Wainwright Increases Americas Gold and Silver (NYSEAMERICAN:USAS) Price Target to $1.30

Americas Gold and Silver (NYSEAMERICAN:USAS) had its price objective raised by investment analysts at HC Wainwright from $1.00 to $1.30 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 25.00% from the company’s previous close.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $1.04 on Thursday. Americas Gold and Silver has a 52-week low of $0.21 and a 52-week high of $1.05. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $0.74. The company has a market cap of $695.93 million, a P/E ratio of -8.00 and a beta of 0.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of USAS. Goldman Sachs Group Inc. increased its stake in Americas Gold and Silver by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 61,228 shares of the company’s stock valued at $32,000 after acquiring an additional 14,000 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Americas Gold and Silver during the 2nd quarter valued at about $46,000. HighTower Advisors LLC bought a new position in shares of Americas Gold and Silver in the 4th quarter worth approximately $47,000. NewEdge Advisors LLC bought a new position in Americas Gold and Silver in the first quarter worth $59,000. Finally, XTX Topco Ltd lifted its position in Americas Gold and Silver by 494.6% during the 1st quarter. XTX Topco Ltd now owns 122,207 shares of the company’s stock valued at $64,000 after acquiring an additional 101,655 shares during the period. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.