Americas Silver (NYSEAMERICAN:USAS – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report issued on Friday, Benzinga reports. They presently have a $0.70 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 175.37% from the company’s current price.
Americas Silver Stock Performance
Shares of NYSEAMERICAN USAS opened at $0.25 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Americas Silver has a fifty-two week low of $0.20 and a fifty-two week high of $0.44. The company has a market capitalization of $65.30 million, a P/E ratio of -1.41 and a beta of 1.22.
Americas Silver (NYSEAMERICAN:USAS – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Americas Silver had a negative return on equity of 51.42% and a negative net margin of 45.81%. The business had revenue of $19.49 million for the quarter. On average, research analysts anticipate that Americas Silver will post -0.1 EPS for the current year.
Institutional Investors Weigh In On Americas Silver
Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Americas Silver by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after purchasing an additional 880,213 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Americas Silver during the first quarter worth about $1,083,000. Finally, Tidal Investments LLC bought a new stake in Americas Silver in the 1st quarter valued at about $1,495,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
Americas Silver Company Profile
Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.
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