Americas Silver’s (USAS) “Hold” Rating Reaffirmed at Desjardins

Desjardins reiterated their hold rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a report published on Thursday morning, Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Alliance Global Partners reaffirmed a buy rating and set a $1.50 price target (down from $2.25) on shares of Americas Silver in a research note on Tuesday, August 17th. Stifel Nicolaus upgraded shares of Americas Silver from a sell rating to a hold rating in a report on Tuesday, November 16th. Roth Capital dropped their price objective on shares of Americas Silver from $2.10 to $1.60 and set a buy rating on the stock in a research note on Wednesday, August 18th. Zacks Investment Research lowered shares of Americas Silver from a hold rating to a sell rating in a research note on Friday, November 19th. Finally, HC Wainwright decreased their price objective on shares of Americas Silver from $4.50 to $3.25 and set a buy rating for the company in a report on Tuesday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $2.16.

Shares of USAS opened at $0.85 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. Americas Silver has a fifty-two week low of $0.68 and a fifty-two week high of $3.46. The company has a market cap of $133.31 million, a P/E ratio of -0.88 and a beta of 1.43.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings results on Monday, November 15th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Americas Silver had a negative net margin of 342.53% and a negative return on equity of 42.91%. On average, research analysts forecast that Americas Silver will post -0.48 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in shares of Americas Silver by 22.0% during the 3rd quarter. Van ECK Associates Corp now owns 8,577,259 shares of the company’s stock worth $6,835,000 after acquiring an additional 1,546,183 shares during the period. Invesco Ltd. grew its position in Americas Silver by 19.8% during the 2nd quarter. Invesco Ltd. now owns 5,005,794 shares of the company’s stock worth $7,609,000 after acquiring an additional 827,546 shares during the last quarter. Royal Bank of Canada grew its position in shares of Americas Silver by 5.0% in the 1st quarter. Royal Bank of Canada now owns 1,870,940 shares of the company’s stock valued at $4,211,000 after buying an additional 89,716 shares during the last quarter. Bank of Montreal Can grew its position in shares of Americas Silver by 7.6% in the 2nd quarter. Bank of Montreal Can now owns 982,068 shares of the company’s stock valued at $1,484,000 after buying an additional 69,785 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Americas Silver in the 3rd quarter valued at about $399,000. 25.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Americas Silver (NYSEAMERICAN:USAS)