Americas Silver (NYSEAMERICAN:USAS – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research note issued to investors on Friday, Benzinga reports. They presently have a $0.70 target price on the stock. HC Wainwright’s price target indicates a potential upside of 175.37% from the company’s previous close.
Americas Silver Price Performance
Shares of USAS stock opened at $0.25 on Friday. The firm has a market cap of $65.30 million, a price-to-earnings ratio of -1.41 and a beta of 1.22. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.44. 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 (NYSEAMERICAN:USAS – Get Free Report) last released its quarterly earnings data 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). The company had revenue of $19.49 million for the quarter. Americas Silver had a negative net margin of 45.81% and a negative return on equity of 51.42%. Research analysts anticipate that Americas Silver will post -0.1 EPS for the current year.
Institutional Trading of Americas Silver
Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings 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 shares of Americas Silver in the first quarter worth $1,083,000. Finally, Tidal Investments LLC purchased a new stake in shares of Americas Silver in the first quarter worth $1,495,000. Institutional investors own 13.38% of the company’s stock.
About Americas Silver
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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Read More: Americas Silver (NYSEAMERICAN:USAS) Rating Reiterated by HC Wainwright