Americas Gold and Silver (NYSEAMERICAN:USAS) Upgraded by Zacks Research to Hold Rating

Americas Gold and Silver (NYSEAMERICAN:USAS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Separately, HC Wainwright dropped their price objective on shares of Americas Gold and Silver from $9.75 to $9.25 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Americas Gold and Silver Stock Performance

Shares of USAS opened at $5.26 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.62. Americas Gold and Silver has a twelve month low of $3.08 and a twelve month high of $10.50. The firm’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $5.47. The firm has a market cap of $1.78 billion, a P/E ratio of -27.68 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of USAS. Alps Advisors Inc. lifted its stake in Americas Gold and Silver by 62.9% in the 4th quarter. Alps Advisors Inc. now owns 5,872,547 shares of the company’s stock valued at $30,009,000 after acquiring an additional 2,267,956 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Americas Gold and Silver by 554.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,501,488 shares of the company’s stock worth $23,498,000 after acquiring an additional 3,813,582 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Americas Gold and Silver by 14,000.0% during the 1st quarter. Gabelli Funds LLC now owns 2,115,000 shares of the company’s stock worth $11,040,000 after acquiring an additional 2,100,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Americas Gold and Silver by 16.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,736,192 shares of the company’s stock worth $9,043,000 after acquiring an additional 248,877 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Americas Gold and Silver during the 1st quarter worth approximately $5,468,000. 13.38% of the stock is currently owned by institutional investors.

Americas Gold and Silver Company Profile

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver, gold, lead and zinc. The company’s activities are centered on operating and advancing mineral properties in North America.

Its principal assets have included the Cosalá Operations in Sinaloa, Mexico, and the Galena Complex in Idaho. The Cosalá Operations include the San Rafael mine and associated processing and infrastructure, while the Galena Complex is an underground silver-lead-copper mining operation.