Americas Gold and Silver (NYSEAMERICAN:USAS) Earns Outperform Rating from Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets initiated coverage on shares of Americas Gold and Silver (NYSEAMERICAN:USAS) in a research report issued on Wednesday. The brokerage set an “outperform” rating on the stock.

Several other equities analysts have also recently weighed in on USAS. TD Securities started coverage on shares of Americas Gold and Silver in a research note on Monday, February 9th. They issued a “buy” rating on the stock. Canaccord Genuity Group assumed coverage on shares of Americas Gold and Silver in a report on Tuesday, February 24th. They set a “buy” rating for the company. Finally, HC Wainwright reiterated 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. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Americas Gold and Silver has a consensus rating of “Buy” and a consensus price target of $9.75.

Americas Gold and Silver Trading Up 11.8%

Shares of NYSEAMERICAN:USAS opened at $5.22 on Wednesday. The stock’s 50-day simple moving average is $7.66 and its two-hundred day simple moving average is $5.64. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -20.08 and a beta of 0.53. Americas Gold and Silver has a 52-week low of $0.99 and a 52-week high of $10.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 0.91.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USAS. Montrusco Bolton Investments Inc. bought a new position in shares of Americas Gold and Silver during the 3rd quarter valued at approximately $9,954,000. TD Asset Management Inc bought a new stake in Americas Gold and Silver during the 3rd quarter worth approximately $819,000. Waratah Capital Advisors Ltd. bought a new stake in Americas Gold and Silver during the 3rd quarter worth approximately $645,000. PCJ Investment Counsel Ltd. purchased a new position in Americas Gold and Silver during the third quarter valued at approximately $1,585,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Americas Gold and Silver by 115.7% during the third quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock valued at $2,721,000 after purchasing an additional 392,422 shares in the last quarter. 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 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.