Americas Silver (NYSEAMERICAN:USAS) PT Raised to $0.80

Americas Silver (NYSEAMERICAN:USAS) had its target price boosted by investment analysts at HC Wainwright from $0.70 to $0.80 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 189.54% from the stock’s previous close.

Americas Silver Stock Performance

Shares of USAS opened at $0.28 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.44 and a quick ratio of 0.28. The stock has a market cap of $72.87 million, a price-to-earnings ratio of -1.53 and a beta of 1.22. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.44.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $31.63 million during the quarter. Americas Silver had a negative return on equity of 51.88% and a negative net margin of 40.60%. Analysts expect that Americas Silver will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Americas Silver

A number of institutional investors have recently modified their holdings of USAS. Tidal Investments LLC acquired a new position in shares of Americas Silver during the first quarter valued at $1,495,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Americas Silver during the 1st quarter valued at about $1,083,000. Van ECK Associates Corp boosted its stake in shares of Americas Silver by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after purchasing an additional 880,213 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after buying an additional 1,153,783 shares during the period. 13.38% of the stock is owned by institutional investors.

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.