Americas Silver (NYSEAMERICAN:USAS) Upgraded at Cormark

Cormark upgraded shares of Americas Silver (NYSEAMERICAN:USAS) to a moderate buy rating in a research report sent to investors on Thursday morning,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 issued a $0.80 price objective on shares of Americas Silver in a research report on Thursday, October 10th.

Americas Silver Price Performance

USAS stock opened at $0.53 on Thursday. The company has a market capitalization of $131.31 million, a PE ratio of -2.94 and a beta of 1.17. Americas Silver has a twelve month low of $0.20 and a twelve month high of $0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28.

Americas Silver (NYSEAMERICAN:USAS) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%. The business had revenue of $21.02 million for the quarter. On average, equities analysts anticipate that Americas Silver will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Americas Silver

A number of institutional investors and hedge funds have recently made changes to their positions in USAS. XTX Topco Ltd purchased a new stake in Americas Silver during the third quarter worth about $26,000. Hollencrest Capital Management lifted its position in shares of Americas Silver by 34.4% during the 3rd 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 during the period. Alpha Cubed Investments LLC purchased a new stake in shares of Americas Silver during the 4th quarter worth approximately $274,000. Renaissance Technologies LLC grew 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 worth $286,000 after acquiring an additional 1,153,783 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in Americas Silver in the 3rd quarter valued at approximately $631,000. 13.38% of the stock is owned by institutional investors and hedge funds.

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.