Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.25.

A number of research analysts have weighed in on the company. National Bank Financial assumed coverage on Americas Gold and Silver in a research note on Thursday, October 8th. They set an “outperform” rating on the stock. Stifel Nicolaus initiated coverage on Americas Gold and Silver in a report on Wednesday, October 14th. They set a “buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $9.25 target price on shares of Americas Gold and Silver in a research report on Tuesday, October 20th. Finally, Zacks Research cut Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th.

Americas Gold and Silver Stock Up 4.7%

Shares of NYSEAMERICAN USAS opened at $3.09 on Monday. The firm has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $5.61. Americas Gold and Silver has a 12 month low of $2.67 and a 12 month high of $10.50. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.04 billion, a PE ratio of -16.26 and a beta of 0.98.

Hedge Funds Weigh In On Americas Gold and Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BCV Asset Management Inc. bought a new stake in Americas Gold and Silver in the third quarter worth about $109,000. Russell Investments Group Ltd. lifted its holdings in shares of Americas Gold and Silver by 198.6% in the third quarter. Russell Investments Group Ltd. now owns 15,301 shares of the company’s stock valued at $67,000 after purchasing an additional 10,177 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Americas Gold and Silver in the third quarter valued at approximately $144,000. Abbington Investment Group purchased a new stake in shares of Americas Gold and Silver during the third quarter worth about $128,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in Americas Gold and Silver during the third quarter valued at $118,000. 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 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.