Americas Silver (NYSEAMERICAN:USAS) Given “Buy” Rating at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued to investors on Thursday, Benzinga reports. They currently have a $0.80 price target on the stock. HC Wainwright’s price objective points to a potential upside of 97.73% from the company’s previous close.

Americas Silver Stock Up 3.9 %

Shares of Americas Silver stock opened at $0.40 on Thursday. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.43. The firm has a market cap of $107.94 million, a price-to-earnings ratio of -2.38 and a beta of 1.29.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 53.06%. The business had revenue of $31.63 million for the quarter. Sell-side analysts anticipate that Americas Silver will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in Americas Silver in the first quarter worth $1,495,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Americas Silver in the 1st quarter worth $1,083,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after buying an additional 1,153,783 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.