Americas Silver Corp (NYSEAMERICAN:USAS – Free Report) – Equities researchers at HC Wainwright decreased their FY2023 earnings per share (EPS) estimates for shares of Americas Silver in a report released on Thursday, November 16th. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.14) per share for the year, down from their prior estimate of ($0.10). HC Wainwright has a “Buy” rating and a $1.50 price target on the stock. The consensus estimate for Americas Silver’s current full-year earnings is ($0.13) per share.
USAS has been the subject of a number of other research reports. Stifel Canada cut shares of Americas Silver from a “hold” rating to a “sell” rating in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $0.90 price target on shares of Americas Silver in a research note on Friday, August 18th.
Americas Silver Price Performance
NYSEAMERICAN USAS opened at $0.22 on Monday. The company has a market capitalization of $47.35 million, a PE ratio of -1.21 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.40. Americas Silver has a 12 month low of $0.21 and a 12 month high of $0.76.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of Americas Silver by 16.6% during the 1st quarter. Van ECK Associates Corp now owns 11,404,792 shares of the company’s stock worth $5,474,000 after buying an additional 1,620,750 shares in the last quarter. Lynwood Capital Management Inc. increased its position in shares of Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,863,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Americas Silver by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock valued at $1,846,000 after purchasing an additional 117,214 shares during the last quarter. WealthTrust Axiom LLC increased its position in shares of Americas Silver by 2.7% during the 3rd quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock valued at $651,000 after purchasing an additional 48,009 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Americas Silver by 5.9% during the 2nd quarter. Hollencrest Capital Management now owns 975,840 shares of the company’s stock worth $344,000 after acquiring an additional 54,428 shares during the period. Institutional investors and hedge funds own 17.28% of the company’s stock.
About Americas Silver
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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