Americas Silver (NYSEAMERICAN:USAS) Downgraded by Stifel Canada

Stifel Canada cut shares of Americas Silver (NYSEAMERICAN:USAS) from a hold rating to a sell rating in a research note published on Thursday morning, PriceTargets.com reports.

Other analysts also recently issued research reports about the company. HC Wainwright reissued a buy rating and issued a $1.50 price objective on shares of Americas Silver in a research note on Thursday. Roth Mkm reaffirmed a buy rating and set a $0.90 target price on shares of Americas Silver in a research report on Friday, August 18th.

Americas Silver Price Performance

USAS opened at $0.22 on Thursday. Americas Silver has a one year low of $0.21 and a one year high of $0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.40 and a current ratio of 0.42. The firm has a market capitalization of $47.35 million, a PE ratio of -1.21 and a beta of 1.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of USAS. Cibc World Market Inc. grew its holdings in shares of Americas Silver by 180.2% during the first quarter. Cibc World Market Inc. now owns 43,243 shares of the company’s stock valued at $47,000 after buying an additional 27,809 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Americas Silver in the first quarter valued at about $121,000. Goldman Sachs Group Inc. grew its stake 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 in the last quarter. Jane Street Group LLC purchased a new position in Americas Silver in the second quarter valued at about $56,000. Finally, Cetera Investment Advisers purchased a new position in Americas Silver in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 17.28% 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.