Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) Stock Has Average Price Target of $9.25 According to Brokerages

Shares of Americas Gold and Silver Corporation (NYSEAMERICAN:USAS) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.25.

Several brokerages have recently commented on USAS. National Bank Financial assumed coverage on Americas Gold and Silver in a report on Thursday, October 8th. They set an “outperform” rating for the company. Stifel Nicolaus began coverage on Americas Gold and Silver in a research note on Wednesday, October 14th. They issued a “buy” rating for the company. HC Wainwright reissued a “buy” rating and issued a $9.25 price target on shares of Americas Gold and Silver in a report on Tuesday, October 20th. Finally, Zacks Research lowered 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 Price Performance

Shares of USAS stock opened at $3.08 on Monday. Americas Gold and Silver has a twelve month low of $2.67 and a twelve 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 stock has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $5.65. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -16.21 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in Americas Gold and Silver in the 3rd quarter worth $29,000. State of Wyoming acquired a new stake in Americas Gold and Silver during the 1st quarter worth about $43,000. Pictet Asset Management Holding SA grew its stake in Americas Gold and Silver by 22.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 47,863 shares of the company’s stock valued at $249,000 after purchasing an additional 8,636 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Americas Gold and Silver during the 1st quarter valued at about $46,000. Finally, Brookstone Capital Management acquired a new position in shares of Americas Gold and Silver in the third quarter valued at about $46,000. Hedge funds and other 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 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.