Americas Silver (NYSEAMERICAN:USAS) Given New $0.80 Price Target at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS) had its price target raised by HC Wainwright from $0.70 to $0.80 in a report published on Tuesday, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Americas Silver’s FY2024 earnings at ($0.11) EPS and FY2025 earnings at ($0.06) EPS.

Americas Silver Trading Down 7.1 %

Shares of USAS opened at $0.26 on Tuesday. The firm has a market capitalization of $69.07 million, a price-to-earnings ratio of -1.45 and a beta of 1.22. Americas Silver has a fifty-two week low of $0.20 and a fifty-two week high of $0.44. The company has a current ratio of 0.44, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Americas Silver (NYSEAMERICAN:USAS) last issued its earnings results on Thursday, August 15th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 51.88%. The business had revenue of $31.63 million for the quarter. As a group, equities analysts forecast that Americas Silver will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Americas Silver

Several hedge funds and other institutional investors have recently modified their holdings of USAS. Van ECK Associates Corp boosted its holdings in shares of Americas Silver by 8.5% in the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after buying an additional 880,213 shares during the period. Renaissance Technologies LLC boosted its stake in Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after purchasing an additional 1,153,783 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Americas Silver during the 1st quarter valued at about $1,083,000. Finally, Tidal Investments LLC bought a new stake in shares of Americas Silver during the 1st quarter worth about $1,495,000. Institutional investors 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.