Americas Silver (NYSEAMERICAN:USAS) Stock Rating Upgraded by Cormark

Americas Silver (NYSEAMERICAN:USAS) was upgraded by Cormark to a “moderate buy” rating in a research report issued on Thursday,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 set a $0.80 price objective on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Stock Performance

Americas Silver stock opened at $0.53 on Thursday. The stock has a market capitalization of $130.32 million, a PE ratio of -2.92 and a beta of 1.17. 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 has a 12-month low of $0.20 and a 12-month high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted 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). The company had revenue of $21.02 million during the quarter. Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%. As a group, analysts predict that Americas Silver will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Americas Silver in the third quarter valued at approximately $26,000. Hollencrest Capital Management raised its holdings in Americas Silver by 34.4% in the third 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 in the last quarter. Alpha Cubed Investments LLC acquired a new stake in Americas Silver in the fourth quarter valued at approximately $274,000. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 1,153,783 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Americas Silver during the third quarter worth approximately $631,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.