Brokerages Set Americas Silver Corp (NYSEAMERICAN:USAS) PT at $1.65

Americas Silver Corp (NYSEAMERICAN:USASGet Rating) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1.65.

A number of equities analysts recently commented on USAS shares. Stifel Nicolaus cut their price objective on Americas Silver from C$1.50 to C$1.25 in a research note on Wednesday, March 23rd. HC Wainwright reduced their price objective on Americas Silver from $2.75 to $2.25 and set a “buy” rating for the company in a research note on Wednesday, February 23rd. Finally, Zacks Investment Research downgraded shares of Americas Silver from a “hold” rating to a “sell” rating in a research report on Friday, February 11th.

NYSEAMERICAN USAS traded up $0.01 during trading on Monday, hitting $1.07. 478,212 shares of the company’s stock were exchanged, compared to its average volume of 828,781. The company has a market cap of $193.18 million, a price-to-earnings ratio of -0.93 and a beta of 1.27. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. Americas Silver has a fifty-two week low of $0.68 and a fifty-two week high of $2.49.

Americas Silver (NYSEAMERICAN:USASGet Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). Americas Silver had a negative return on equity of 67.93% and a negative net margin of 354.41%. On average, sell-side analysts predict that Americas Silver will post 0.03 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in USAS. ETF Managers Group LLC boosted its holdings in Americas Silver by 70.4% in the 4th quarter. ETF Managers Group LLC now owns 4,350,420 shares of the company’s stock worth $3,515,000 after buying an additional 1,797,712 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Americas Silver by 22.0% in the third quarter. Van ECK Associates Corp now owns 8,577,259 shares of the company’s stock worth $6,835,000 after buying an additional 1,546,183 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Americas Silver during the third quarter worth $399,000. Hollencrest Capital Management grew its stake in Americas Silver by 236.0% during the fourth quarter. Hollencrest Capital Management now owns 666,324 shares of the company’s stock valued at $537,000 after acquiring an additional 468,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Americas Silver by 10.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,876,117 shares of the company’s stock worth $2,322,000 after purchasing an additional 270,919 shares in the last quarter. Hedge funds and other institutional investors own 24.10% of the company’s stock.

About Americas Silver (Get Rating)

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.

Further Reading

Analyst Recommendations for Americas Silver (NYSEAMERICAN:USAS)

Receive News & Ratings for Americas Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americas Silver and related companies with MarketBeat.com's FREE daily email newsletter.