Americas Silver’s (USAS) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a report released on Thursday morning, Benzinga reports. HC Wainwright currently has a $0.80 price objective on the stock.

Americas Silver Stock Performance

NYSEAMERICAN:USAS opened at $0.40 on Thursday. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.43. The stock has a market capitalization of $108.49 million, a price-to-earnings ratio of -2.38 and a beta of 1.29.

Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 53.06%. The business had revenue of $31.63 million for the quarter. Analysts forecast that Americas Silver will post -0.1 earnings per share for the current year.

Institutional Trading of Americas Silver

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after purchasing an additional 1,153,783 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Americas Silver in the 1st quarter worth $1,495,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Americas Silver in the first quarter valued at $1,083,000. 13.38% of the stock is owned by institutional investors and hedge funds.

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.