Americas Silver Corp (NYSEAMERICAN:USAS) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in Americas Silver Corp (NYSEAMERICAN:USAS – Get Rating) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,088,145 shares of the company’s stock after acquiring an additional 379,961 shares during the period. Van ECK Associates Corp owned 4.62% of Americas Silver worth $3,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Lynwood Capital Management Inc. lifted its position in Americas Silver by 8.4% during the second quarter. Lynwood Capital Management Inc. now owns 7,335,500 shares of the company’s stock worth $6,602,000 after buying an additional 565,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Americas Silver by 5.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,034,107 shares of the company’s stock valued at $3,328,000 after purchasing an additional 157,990 shares during the period. Hollencrest Capital Management raised its position in Americas Silver by 15.0% in the second quarter. Hollencrest Capital Management now owns 768,824 shares of the company’s stock valued at $530,000 after purchasing an additional 100,000 shares during the period. Renaissance Technologies LLC purchased a new stake in Americas Silver in the first quarter valued at $121,000. Finally, Goldman Sachs Group Inc. raised its position in Americas Silver by 183.3% in the first quarter. Goldman Sachs Group Inc. now owns 53,300 shares of the company’s stock valued at $58,000 after purchasing an additional 34,484 shares during the period. 18.94% of the stock is owned by institutional investors and hedge funds.

Americas Silver Stock Up 4.4 %

NYSEAMERICAN:USAS opened at $0.69 on Friday. The stock has a market cap of $140.85 million, a PE ratio of -1.97 and a beta of 1.08. Americas Silver Corp has a 1 year low of $0.37 and a 1 year high of $1.31. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 0.07.

Americas Silver (NYSEAMERICAN:USAS – Get Rating) last posted its earnings results on Friday, November 11th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Americas Silver had a negative net margin of 81.08% and a negative return on equity of 26.33%. The firm had revenue of $18.31 million during the quarter, compared to analysts’ expectations of $19.70 million. On average, equities analysts expect that Americas Silver Corp will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their target price on Americas Silver from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Monday, November 14th.

Americas Silver Company Profile

(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.