Americas Silver (NYSEAMERICAN:USAS) Price Target Raised to C$1.30 at Stifel Nicolaus

Americas Silver (NYSEAMERICAN:USASGet Rating) had its price target increased by stock analysts at Stifel Nicolaus from C$1.25 to C$1.30 in a research report issued on Friday, The Fly reports.

Several other analysts have also recently issued reports on the stock. HC Wainwright cut their price target on shares of Americas Silver from $2.75 to $2.25 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Desjardins reduced their price target on shares of Americas Silver to C$1.35 in a research report on Monday, May 16th. Finally, Zacks Investment Research lowered Americas Silver from a “hold” rating to a “sell” rating in a report on Friday, February 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Americas Silver presently has an average rating of “Hold” and an average price target of $1.60.

Shares of NYSEAMERICAN:USAS traded up $0.02 during mid-day trading on Friday, hitting $0.74. 2,487 shares of the company traded hands, compared to its average volume of 743,657. The company has a market cap of $133.15 million, a P/E ratio of -1.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.62 and a current ratio of 0.86. Americas Silver has a 52-week low of $0.65 and a 52-week high of $1.80.

Americas Silver (NYSEAMERICAN:USASGet Rating) last announced its earnings results on Thursday, March 17th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Americas Silver had a negative net margin of 113.34% and a negative return on equity of 38.49%. The company had revenue of $14.30 million for the quarter, compared to analysts’ expectations of $11.70 million. Analysts predict that Americas Silver will post 0.02 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in Americas Silver in the third quarter valued at approximately $399,000. Van ECK Associates Corp boosted its stake in Americas Silver by 1.6% in the fourth quarter. Van ECK Associates Corp now owns 8,711,566 shares of the company’s stock valued at $7,024,000 after acquiring an additional 134,307 shares during the period. K.J. Harrison & Partners Inc boosted its stake in Americas Silver by 385.8% in the fourth quarter. K.J. Harrison & Partners Inc now owns 173,900 shares of the company’s stock valued at $140,000 after acquiring an additional 138,100 shares during the period. National Asset Management Inc. boosted its stake in Americas Silver by 220.0% in the third quarter. National Asset Management Inc. now owns 112,000 shares of the company’s stock valued at $90,000 after acquiring an additional 77,000 shares during the period. Finally, Hollencrest Capital Management boosted its stake in Americas Silver by 236.0% in the fourth quarter. Hollencrest Capital Management now owns 666,324 shares of the company’s stock valued at $537,000 after acquiring an additional 468,000 shares during the period. Institutional investors own 26.53% of the company’s stock.

About Americas Silver (Get Rating)

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.

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