Renaissance Technologies LLC Grows Stock Holdings in Americas Silver Corp (NYSEAMERICAN:USAS)

Renaissance Technologies LLC lifted its stake in Americas Silver Corp (NYSEAMERICAN:USAS) by 2,806.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,194,900 shares of the company’s stock after purchasing an additional 1,153,783 shares during the period. Renaissance Technologies LLC owned about 0.47% of Americas Silver worth $286,000 at the end of the most recent quarter.

Separately, Mirae Asset Global Investments Co. Ltd. purchased a new position in Americas Silver in the first quarter valued at $1,083,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Silver Stock Up 3.9 %

Shares of NYSEAMERICAN USAS opened at $0.40 on Friday. The stock has a market cap of $107.94 million, a price-to-earnings ratio of -2.38 and a beta of 1.29. Americas Silver Corp has a 1 year low of $0.20 and a 1 year high of $0.43.

Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $31.63 million during the quarter. Americas Silver had a negative return on equity of 53.06% and a negative net margin of 40.60%. On average, equities research analysts expect that Americas Silver Corp will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $0.80 target price on shares of Americas Silver in a report on Thursday.

Americas Silver Company 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.