Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.25.

A number of brokerages recently issued reports on USAS. National Bank Financial began coverage on shares of Americas Gold and Silver in a research note on Thursday. They issued an “outperform” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $9.25 price target on shares of Americas Gold and Silver in a report on Thursday, September 24th. Finally, Zacks Research raised shares of Americas Gold and Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st.

Americas Gold and Silver Stock Up 1.7%

Americas Gold and Silver stock traded up $0.07 during mid-day trading on Thursday, hitting $4.24. The company had a trading volume of 3,431,651 shares, compared to its average volume of 5,492,860. 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 stock’s 50 day moving average price is $4.95 and its two-hundred day moving average price is $5.23. Americas Gold and Silver has a 12 month low of $3.52 and a 12 month high of $10.50. The company has a market capitalization of $1.43 billion, a PE ratio of -22.32 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming purchased a new position in Americas Gold and Silver in the 1st quarter worth about $43,000. NewEdge Advisors LLC purchased a new stake in shares of Americas Gold and Silver during the 1st quarter valued at about $46,000. Leonteq Securities AG bought a new stake in shares of Americas Gold and Silver in the first quarter worth approximately $56,000. Rathbones Group PLC bought a new stake in shares of Americas Gold and Silver in the first quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Americas Gold and Silver during the first quarter valued at approximately $65,000. 13.38% of the stock is owned by institutional investors.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a precious metals mining company focused on the acquisition, development, and operation of mineral properties in North America. Its production and exploration activities are primarily centered on silver, with additional exposure to lead, zinc, and other associated metals.

The company’s principal assets include the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and related processing and infrastructure, while the Galena Complex is an underground silver-lead mining operation.