Americas Silver Corp (NYSEAMERICAN:USAS) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Americas Silver Corp (NYSEAMERICAN:USAS) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,216,200 shares of the company’s stock after purchasing an additional 202,600 shares during the period. Renaissance Technologies LLC owned about 0.49% of Americas Silver worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC purchased a new stake in Americas Silver during the fourth quarter worth about $274,000. HighTower Advisors LLC purchased a new stake in shares of Americas Silver during the 4th quarter worth approximately $47,000. American Century Companies Inc. acquired a new stake in shares of Americas Silver in the 4th quarter worth approximately $73,000. U S Global Investors Inc. purchased a new position in Americas Silver in the 4th quarter valued at approximately $382,000. Finally, Sprott Inc. acquired a new position in Americas Silver during the fourth quarter worth $2,099,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

USAS has been the subject of a number of research analyst reports. HC Wainwright raised their price target on Americas Silver from $0.90 to $1.00 and gave the company a “buy” rating in a research report on Friday, March 28th. Cormark upgraded shares of Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

Americas Silver Stock Performance

Americas Silver stock opened at $0.58 on Friday. Americas Silver Corp has a fifty-two week low of $0.21 and a fifty-two week high of $0.65. The stock has a market capitalization of $143.52 million, a P/E ratio of -3.22 and a beta of 1.20. The business’s fifty day moving average is $0.52. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18.

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.