XTX Topco Ltd Makes New $26,000 Investment in Americas Silver Corp (NYSEAMERICAN:USAS)

XTX Topco Ltd purchased a new stake in Americas Silver Corp (NYSEAMERICAN:USAS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 85,025 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in shares of Americas Silver during the 3rd quarter valued at approximately $631,000. Hollencrest Capital Management boosted its position in Americas Silver by 34.4% in the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after buying an additional 311,648 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Americas Silver by 2,806.1% in the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $0.80 price target on shares of Americas Silver in a report on Thursday, October 10th.

Americas Silver Price Performance

NYSEAMERICAN USAS opened at $0.44 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $126.38 million, a P/E ratio of -2.43 and a beta of 1.18. Americas Silver Corp has a 12 month low of $0.20 and a 12 month high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. The firm had revenue of $21.02 million for the quarter. On average, analysts anticipate that Americas Silver Corp will post -0.14 earnings per share for the current year.

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.