Brian Quast, an analyst from BMO Capital, has initiated a new Buy rating on Americas Gold and Silver (USAS).
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Brian Quast has given his Buy rating due to a combination of factors that, in his view, position Americas Gold and Silver for material upside. He highlights that the Galena Complex is undergoing a multi‑year optimization that should meaningfully increase silver output while lowering all‑in sustaining costs, and he expects free cash flow to expand as production scales and efficiencies are realized.
He also points to additional growth from the Cosalá Operation, which is shifting to a new mining area that should boost volumes and copper exposure, further improving the cost profile. Combined with a diversified revenue mix from new gold, copper, and antimony offtake, a supportive metal price backdrop, and a proven management team with a track record of operational turnarounds, Quast believes the company can justify a premium valuation and rerate toward his C$10.00 target price.
According to TipRanks, Quast is a 5-star analyst with an average return of 24.9% and a 60.61% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Liberty Gold, Lundin Gold, and Alkane Resources Ltd.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$16.00 price target.