In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Americas Gold and Silver (USAS – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $0.42.
According to TipRanks, Ihle is an analyst with an average return of -15.2% and a 30.26% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Endeavour Silver, and First Majestic Silver.
Americas Gold and Silver has an analyst consensus of Moderate Buy, with a price target consensus of $1.05.
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Based on Americas Gold and Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $22.09 million and a GAAP net loss of $9.74 million. In comparison, last year the company earned a revenue of $26.44 million and had a GAAP net loss of $1.41 million
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USAS in relation to earlier this year.
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Americas Silver Corp. engages in the acquisition, exploration, development and exploration of mineral resource properties. It focuses its operation in Mexico and the United States. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.
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