Americas Silver (NYSEAMERICAN:USAS) Given “Buy” Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a research report released on Friday, Benzinga reports. HC Wainwright currently has a $0.70 price target on the stock.

Americas Silver Price Performance

Shares of NYSEAMERICAN USAS opened at $0.25 on Friday. Americas Silver has a twelve month low of $0.20 and a twelve month high of $0.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.44 and a quick ratio of 0.28.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Americas Silver had a negative return on equity of 51.42% and a negative net margin of 45.81%. The company had revenue of $19.49 million during the quarter. Research analysts forecast that Americas Silver will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Americas Silver

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in shares of Americas Silver during the first quarter worth approximately $1,495,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Americas Silver in the 1st quarter worth $1,083,000. Finally, Van ECK Associates Corp lifted its stake in Americas Silver by 8.5% in the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after purchasing an additional 880,213 shares during the last quarter. 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.