The Manufacturers Life Insurance Company Takes Position in Americas Silver Corp (NYSEAMERICAN:USAS)

The Manufacturers Life Insurance Company purchased a new position in shares of Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,030,837 shares of the company's stock, valued at approximately $631,000. The Manufacturers Life Insurance Company owned approximately 0.73% of Americas Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Renaissance Technologies LLC lifted its stake in shares of Americas Silver by 2,806.1% during 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 during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Silver Trading Up 2.3 %

Shares of USAS traded up $0.01 during mid-day trading on Friday, reaching $0.40. 647,880 shares of the stock traded hands, compared to its average volume of 1,103,814. Americas Silver Corp has a 12-month low of $0.20 and a 12-month high of $0.54. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $115.41 million, a P/E ratio of -2.22 and a beta of 1.18.

Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) 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. Analysts expect that Americas Silver Corp will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a "buy" rating and set a $0.80 target price on shares of Americas Silver in a research report on Thursday, October 10th.

Americas Silver 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.