Americas Silver Corp (NYSEAMERICAN:USAS) – Investment analysts at Cormark cut their Q4 2020 earnings per share estimates for Americas Silver in a research note issued on Tuesday, September 15th. Cormark analyst R. Gray now expects that the company will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. Cormark also issued estimates for Americas Silver’s FY2021 earnings at $0.31 EPS.
USAS has been the subject of a number of other reports. Zacks Investment Research upgraded Americas Silver from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Alliance Global Partners lifted their target price on Americas Silver from $3.60 to $5.25 and gave the company a “buy” rating in a report on Tuesday, August 18th. HC Wainwright reiterated a “buy” rating and issued a $5.25 target price (up from $4.25) on shares of Americas Silver in a report on Friday, August 21st. Laurentian reiterated a “buy” rating and issued a $8.65 target price on shares of Americas Silver in a report on Wednesday, August 19th. Finally, Desjardins reiterated a “buy” rating on shares of Americas Silver in a report on Thursday, May 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.41.
Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP increased its position in Americas Silver by 1.0% in the 2nd quarter. Two Sigma Advisers LP now owns 367,800 shares of the company’s stock valued at $971,000 after acquiring an additional 3,700 shares during the period. Quadrature Capital Ltd acquired a new position in Americas Silver in the 2nd quarter valued at about $83,000. K2 Principal Fund L.P. acquired a new position in Americas Silver in the 2nd quarter valued at about $566,000. TD Asset Management Inc. increased its position in Americas Silver by 15.7% in the 2nd quarter. TD Asset Management Inc. now owns 62,780 shares of the company’s stock valued at $163,000 after acquiring an additional 8,518 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Americas Silver in the 2nd quarter valued at about $34,000.
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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