HC Wainwright Reiterates “Buy” Rating for Americas Gold and Silver (NYSEAMERICAN:USAS)

Americas Gold and Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research note issued to investors on Friday,Benzinga reports. They presently have a $9.75 target price on the stock. HC Wainwright’s target price would indicate a potential upside of 48.85% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group started coverage on shares of Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating for the company. TD Securities started coverage on shares of Americas Gold and Silver in a research report on Monday, February 9th. They set a “buy” rating for the company. Finally, BMO Capital Markets started coverage on shares of Americas Gold and Silver in a research report on Wednesday, April 1st. They set an “outperform” rating for the company. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $9.75.

Americas Gold and Silver Trading Up 1.7%

USAS stock opened at $6.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.66 and a current ratio of 1.78. The company’s 50-day simple moving average is $7.08 and its 200 day simple moving average is $5.86. Americas Gold and Silver has a 52 week low of $1.24 and a 52 week high of $10.50. The company has a market capitalization of $2.10 billion, a PE ratio of -20.15 and a beta of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in USAS. NewGen Equity Long Short Fund bought a new position in shares of Americas Gold and Silver in the second quarter worth about $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Americas Gold and Silver in the second quarter worth about $10,574,000. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver in the third quarter worth about $9,954,000. Polar Asset Management Partners Inc. bought a new position in shares of Americas Gold and Silver in the fourth quarter worth about $12,999,000. Finally, Alps Advisors Inc. lifted its holdings in shares of Americas Gold and Silver by 62.9% in the fourth quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock worth $30,009,000 after acquiring an additional 2,267,956 shares during 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.