HC Wainwright Has Lowered Expectations for Americas Silver (NYSEAMERICAN:USAS) Stock Price

Americas Silver (NYSEAMERICAN:USAS) had its price target lowered by equities researchers at HC Wainwright from $1.00 to $0.90 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 62.72% from the stock’s current price.

Separately, Cormark upgraded Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

Americas Silver Trading Up 4.3 %

Shares of NYSEAMERICAN:USAS opened at $0.55 on Tuesday. The firm has a market cap of $137.03 million, a P/E ratio of -3.07 and a beta of 1.20. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.60. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Americas Silver

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in Americas Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock valued at $167,000 after purchasing an additional 19,696 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Americas Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after buying an additional 207,724 shares during the period. Merk Investments LLC grew its stake in 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 buying an additional 50,000 shares during the last quarter. NewGen Asset Management Ltd bought a new position in Americas Silver in the 4th quarter worth $2,206,000. Finally, Renaissance Technologies LLC lifted its position in Americas Silver by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company’s stock worth $457,000 after acquiring an additional 202,600 shares during the last quarter. 13.38% of the stock is currently 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.