Canaccord Genuity Group Initiates Coverage on Americas Gold and Silver (NYSEAMERICAN:USAS)

Research analysts at Canaccord Genuity Group started coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

A number of other analysts also recently issued reports on the stock. TD Securities assumed coverage on shares of Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.75.

Americas Gold and Silver Price Performance

NYSEAMERICAN:USAS opened at $8.08 on Tuesday. The company has a market cap of $2.58 billion, a P/E ratio of -31.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. Americas Gold and Silver has a one year low of $0.99 and a one year high of $10.50. The firm’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $4.75.

Institutional Trading of Americas Gold and Silver

Large investors have recently bought and sold shares of the business. Stone House Investment Management LLC boosted its position in shares of Americas Gold and Silver by 130.2% during the 4th quarter. Stone House Investment Management LLC now owns 9,256 shares of the company’s stock valued at $47,000 after purchasing an additional 5,236 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Americas Gold and Silver in the 4th quarter valued at $51,000. Wealthcare Capital Management LLC acquired a new position in shares of Americas Gold and Silver during the 4th quarter valued at $57,000. Hudson Bay Capital Management LP acquired a new stake in Americas Gold and Silver in the third quarter worth $42,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Americas Gold and Silver during the fourth quarter valued at about $67,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.