Americas Gold & Silver Corp. (NYSE: USAS) is a mining company based in Canada, with operations in Mexico and the United States. Most gold producers have seen their stocks increase in recent months, due to high gold prices. Gold is seen as a safer investment during times of volatility. There is also a high demand for this precious metal for use in solar technology, batteries, and electronics.
Americas Gold and Silver has had a disappointing run recently. Its Relief Canyon gold mine has had a production delay, and earlier this year its Cosala mine in Mexico was illegally blockaded by unionized workers. These setbacks are short-term. The company’s high potential gold properties will drive revenue in the years to come.
This stock is down in the year to date, but analysts are confident of a rebound before the end of the year, or early in 2021. The average analyst price estimate of $5.09 suggests growth for investors who buy today. The most bullish estimate of $6.47 indicates that the stock price could double in the mid-term if market conditions allow it.
Gold isn’t the most direct alternative energy pick, but it is an excellent complementary pick to include in an alternative portfolio. This stock has a low price and growth potential to make it one to watch in the coming months.
- 1 Year Price Growth: -7.99%
- YTD Price Growth: -16.40%
- 3 Month Price Growth: -28.38%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.