HC Wainwright Cuts Americas Gold and Silver (NYSEAMERICAN:USAS) Price Target to $9.25

Americas Gold and Silver (NYSEAMERICAN:USAS) had its price target lowered by HC Wainwright from $9.75 to $9.25 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on USAS. BMO Capital Markets restated an “outperform” rating on shares of Americas Gold and Silver in a report on Tuesday, May 19th. Zacks Research lowered Americas Gold and Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Americas Gold and Silver Stock Performance

Shares of USAS stock opened at $5.39 on Wednesday. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -28.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.54 and a current ratio of 1.62. The company has a 50-day simple moving average of $4.66 and a 200 day simple moving average of $5.93. Americas Gold and Silver has a 52 week low of $2.22 and a 52 week high of $10.50.

Institutional Trading of Americas Gold and Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new stake in Americas Gold and Silver in the 1st quarter valued at about $43,000. NewEdge Advisors LLC bought a new position in shares of Americas Gold and Silver during the first quarter worth approximately $46,000. Truist Financial Corp acquired a new stake in shares of Americas Gold and Silver in the fourth quarter valued at approximately $51,000. Leonteq Securities AG acquired a new stake in shares of Americas Gold and Silver in the first quarter valued at approximately $56,000. Finally, Rathbones Group PLC acquired a new stake in shares of Americas Gold and Silver in the first quarter valued at approximately $61,000. 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 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.