Americas Silver Corp to Post Q1 2022 Earnings of $0.05 Per Share, Cormark Forecasts (NYSEAMERICAN:USAS)

Americas Silver Corp (NYSEAMERICAN:USAS – Get Rating) – Investment analysts at Cormark issued their Q1 2022 EPS estimates for shares of Americas Silver in a note issued to investors on Wednesday, April 20th. Cormark analyst R. Gray anticipates that the company will earn $0.05 per share for the quarter. Cormark also issued estimates for Americas Silver’s Q2 2022 earnings at $0.02 EPS, Q3 2022 earnings at $0.02 EPS, Q4 2022 earnings at $0.03 EPS, FY2023 earnings at $0.02 EPS and FY2024 earnings at $0.03 EPS.

Americas Silver (NYSEAMERICAN:USAS – Get Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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%.

A number of other equities analysts have also recently commented on USAS. Stifel Nicolaus dropped their price objective on shares of Americas Silver from C$1.50 to C$1.25 in a research note on Wednesday, March 23rd. HC Wainwright lowered their target price on shares of Americas Silver from $2.75 to $2.25 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Finally, Zacks Investment Research lowered shares of Americas Silver from a “hold” rating to a “sell” rating in a report on Friday, February 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Americas Silver currently has an average rating of “Hold” and a consensus target price of $1.65.

Shares of NYSEAMERICAN USAS opened at $0.94 on Friday. The firm has a market capitalization of $168.83 million, a PE ratio of -0.81 and a beta of 1.27. Americas Silver has a 1 year low of $0.68 and a 1 year high of $2.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.52 and a quick ratio of 0.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Americas Silver by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 8,711,566 shares of the company’s stock valued at $7,024,000 after acquiring an additional 134,307 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of 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 purchasing an additional 1,797,712 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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. Hollencrest Capital Management boosted its position in shares of Americas Silver by 236.0% in the 4th quarter. Hollencrest Capital Management now owns 666,324 shares of the company’s stock worth $537,000 after purchasing an additional 468,000 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Americas Silver in the 3rd quarter worth $399,000. 24.10% of the stock is currently owned by institutional investors and hedge funds.

Americas Silver Company Profile (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.

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