Americas Silver (NYSEAMERICAN:USAS) Given New $0.90 Price Target at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS - Free Report) had its price objective lowered by HC Wainwright from $1.00 to $0.90 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Cormark raised shares of Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd.

Americas Silver Price Performance

Shares of USAS traded down $0.03 during mid-day trading on Tuesday, hitting $0.56. 747,516 shares of the company's stock were exchanged, compared to its average volume of 1,086,088. The company has a market capitalization of $139.29 million, a price-to-earnings ratio of -3.12 and a beta of 1.20. Americas Silver has a fifty-two week low of $0.20 and a fifty-two week high of $0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42.

Institutional Trading of Americas Silver

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Americas Silver by 4.8% in the 4th quarter. Cetera Investment Advisers now owns 428,844 shares of the company's stock valued at $167,000 after acquiring an additional 19,696 shares during the period. Merk Investments LLC raised its stake in shares of Americas Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after acquiring an additional 50,000 shares during the period. XTX Topco Ltd purchased a new position in shares of Americas Silver in the 3rd quarter valued at $26,000. HighTower Advisors LLC purchased a new position in shares of Americas Silver in the 4th quarter valued at $47,000. Finally, American Century Companies Inc. purchased a new position in shares of Americas Silver in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Remove Ads

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.