Americas Silver (NYSEAMERICAN:USAS) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Americas Silver (NYSEAMERICAN:USAS) to a moderate buy rating in a report released on Thursday,Zacks.com reports. Cormark also issued estimates for Americas Silver’s FY2027 earnings at $0.01 EPS and FY2028 earnings at $0.02 EPS.

Separately, HC Wainwright restated a “buy” rating and set a $0.80 price objective on shares of Americas Silver in a report on Thursday, October 10th.

Americas Silver Price Performance

Shares of NYSEAMERICAN:USAS opened at $0.53 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $130.32 million, a P/E ratio of -2.92 and a beta of 1.17. Americas Silver has a 52 week low of $0.20 and a 52 week high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted its earnings results on Thursday, November 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. The firm had revenue of $21.02 million for the quarter. Equities research analysts predict that Americas Silver will post -0.14 EPS for the current year.

Institutional Trading of Americas Silver

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Americas Silver during the 3rd quarter worth about $26,000. Alpha Cubed Investments LLC purchased a new stake in shares of Americas Silver in the fourth quarter worth about $274,000. Renaissance Technologies LLC grew its holdings in Americas Silver by 2,806.1% during the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after acquiring an additional 1,153,783 shares during the period. Hollencrest Capital Management raised its position in Americas Silver by 34.4% during the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after acquiring an additional 311,648 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Americas Silver in the 3rd quarter worth approximately $631,000. Hedge funds and other institutional investors 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.