Cormark Comments on Americas Silver FY2024 Earnings

Americas Silver Corp (NYSEAMERICAN:USAS) – Equities research analysts at Cormark issued their FY2024 earnings estimates for Americas Silver in a report issued on Thursday, January 23rd. Cormark analyst N. Dion expects that the company will post earnings per share of ($0.07) for the year. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Americas Silver’s current full-year earnings is ($0.14) per share. Cormark also issued estimates for Americas Silver’s FY2025 earnings at ($0.02) EPS and FY2026 earnings at $0.00 EPS.

Separately, HC Wainwright reissued a “buy” rating and issued a $0.80 price target on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Trading Down 5.7 %

Americas Silver stock opened at $0.50 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $123.88 million, a P/E ratio of -2.78 and a beta of 1.17. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. The company had revenue of $21.02 million for the quarter.

Institutional Trading of Americas Silver

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company acquired a new position in Americas Silver during the third quarter valued at approximately $631,000. Renaissance Technologies LLC grew its stake in shares of Americas Silver by 2,806.1% in the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in Americas Silver during the fourth quarter worth $274,000. Hollencrest Capital Management raised its position in Americas Silver by 34.4% during the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after acquiring an additional 311,648 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Americas Silver in the third quarter valued at $26,000. 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.