Americas Silver (NYSEAMERICAN:USAS) Trading Up 5%

Shares of Americas Silver Corp (NYSEAMERICAN:USAS) traded up 5% during mid-day trading on Friday . The company traded as high as $0.25 and last traded at $0.24. 656,350 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,138,791 shares. The stock had previously closed at $0.23.

Wall Street Analyst Weigh In

Separately, HC Wainwright decreased their price objective on shares of Americas Silver from $0.80 to $0.70 and set a “buy” rating for the company in a research report on Friday, May 17th.

Americas Silver Trading Up 5.0 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 0.44 and a quick ratio of 0.28. The company has a market capitalization of $61.06 million, a P/E ratio of -1.33 and a beta of 1.37.

Americas Silver (NYSEAMERICAN:USAS) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $19.49 million for the quarter. Americas Silver had a negative return on equity of 51.42% and a negative net margin of 45.81%. As a group, research analysts forecast that Americas Silver Corp will post -0.1 EPS for the current fiscal year.

Institutional Trading of Americas Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in Americas Silver by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after purchasing an additional 880,213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Americas Silver in the 1st quarter worth about $1,083,000. Finally, Tidal Investments LLC acquired a new stake in Americas Silver in the 1st quarter valued at about $1,495,000. Institutional investors and hedge funds own 13.38% 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.