Q1 2024 EPS Estimates for Americas Silver Corp (NYSEAMERICAN:USAS) Reduced by Analyst

Americas Silver Corp (NYSEAMERICAN:USAS) – Investment analysts at Cormark cut their Q1 2024 earnings per share (EPS) estimates for shares of Americas Silver in a report issued on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of ($0.02). The consensus estimate for Americas Silver’s current full-year earnings is ($0.07) per share.

Separately, HC Wainwright cut their price objective on Americas Silver from $1.50 to $0.80 and set a “buy” rating for the company in a report on Wednesday, January 24th.

Americas Silver Trading Down 3.0 %

Shares of USAS stock opened at $0.26 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.56. The firm has a market cap of $65.72 million, a price-to-earnings ratio of -1.64 and a beta of 1.35.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. The company had revenue of $25.00 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. WealthTrust Axiom LLC boosted its stake in shares of Americas Silver by 2.7% during the 3rd quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock worth $651,000 after acquiring an additional 48,009 shares in the last quarter. Rathbones Group PLC bought a new stake in shares of Americas Silver during the 3rd quarter worth about $42,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Americas Silver by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock worth $1,846,000 after acquiring an additional 117,214 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Americas Silver by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after acquiring an additional 880,213 shares in the last quarter. Finally, Lynwood Capital Management Inc. boosted its stake in Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,863,500 shares during the period. Hedge funds and other 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.