Americas Silver (NYSEAMERICAN:USAS) Given New $0.90 Price Target at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS) had its target price decreased by HC Wainwright from $1.00 to $0.90 in a report issued on Tuesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, Cormark raised Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

Americas Silver Stock Performance

NYSEAMERICAN:USAS opened at $0.59 on Tuesday. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. The firm has a market capitalization of $146.17 million, a PE ratio of -3.28 and a beta of 1.20.

Hedge Funds Weigh In On Americas Silver

A number of institutional investors have recently modified their holdings of USAS. NewGen Asset Management Ltd acquired a new stake in shares of Americas Silver in the fourth quarter valued at about $2,206,000. Sprott Inc. bought a new position in Americas Silver in the fourth quarter worth approximately $2,099,000. Merk Investments LLC lifted its holdings in shares of Americas Silver by 1.9% in the fourth quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock valued at $1,050,000 after purchasing an additional 50,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Americas Silver in the third quarter valued at approximately $631,000. Finally, Hollencrest Capital Management lifted its holdings in shares of Americas Silver by 46.8% in the fourth quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company’s stock valued at $672,000 after purchasing an additional 569,941 shares in the last quarter. 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.