Van ECK Associates Corp Acquires 880,213 Shares of Americas Silver Corp (NYSEAMERICAN:USAS)

Van ECK Associates Corp increased its holdings in Americas Silver Corp (NYSEAMERICAN:USAS) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,179,533 shares of the company’s stock after purchasing an additional 880,213 shares during the quarter. Van ECK Associates Corp owned approximately 0.05% of Americas Silver worth $2,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lynwood Capital Management Inc. increased its position in 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 period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Americas Silver by 2.3% in 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 third quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock worth $651,000 after buying an additional 48,009 shares during the period. Finally, Rathbones Group PLC bought a new position in Americas Silver during the third quarter worth $42,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Silver Price Performance

NYSEAMERICAN:USAS opened at $0.27 on Wednesday. The firm has a market capitalization of $66.97 million, a PE ratio of -1.67 and a beta of 1.26. Americas Silver Corp has a twelve month low of $0.20 and a twelve month high of $0.56.

Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $25.00 million for the quarter. Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. Analysts forecast that Americas Silver Corp will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price target on Americas Silver from $1.50 to $0.80 and set a “buy” rating for the company in a report on Wednesday, January 24th.

Americas Silver 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.