Americas Gold and Silver (NYSEAMERICAN:USAS) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating on the stock.

Several other equities research analysts also recently weighed in on USAS. TD Securities began coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating on the stock. HC Wainwright restated a “buy” rating and issued a $9.75 price target on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Trading Up 7.9%

Shares of USAS stock opened at $8.72 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91. Americas Gold and Silver has a fifty-two week low of $0.99 and a fifty-two week high of $10.50. The stock has a market capitalization of $2.78 billion, a P/E ratio of -33.54 and a beta of 0.58. The company has a 50 day moving average price of $6.83 and a 200 day moving average price of $4.79.

Institutional Trading of Americas Gold and Silver

A number of large investors have recently modified their holdings of USAS. NewGen Equity Long Short Fund bought a new stake in shares of Americas Gold and Silver in the 2nd quarter worth $25,927,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Americas Gold and Silver in the second quarter worth about $10,574,000. Alps Advisors Inc. raised its position in 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 in the last quarter. Tidal Investments LLC lifted its holdings in Americas Gold and Silver by 56.0% in the 2nd quarter. Tidal Investments LLC now owns 5,570,774 shares of the company’s stock valued at $4,500,000 after acquiring an additional 2,000,563 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Americas Gold and Silver by 38.6% during the 2nd quarter. Bank of America Corp DE now owns 3,123,373 shares of the company’s stock valued at $2,521,000 after purchasing an additional 869,500 shares in the last quarter. Institutional investors and hedge funds 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.