In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Americas Gold and Silver, with a price target of $4.90.
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Heiko Ihle has given his Buy rating due to a combination of factors including Americas Gold and Silver’s impressive year-over-year revenue growth and strategic initiatives. The company reported a 37% increase in revenue compared to the previous year, driven by higher silver production and increased silver prices. This growth, alongside contributions from pre-production sales at the El Cajón project, highlights the company’s potential for continued financial improvement.
Additionally, Americas Gold and Silver is positioning itself as a key player in the critical minerals sector by focusing on antimony production. Successful metallurgical tests have shown high extraction rates, and the company is actively seeking government support to enhance domestic antimony supply chains. This strategic move could lead to a re-rating of the stock, as it aligns with national interests in restoring critical mineral supply chains. The increased price target reflects these positive developments and the favorable commodity pricing environment.