Americas Silver (NYSEAMERICAN:USAS) Upgraded to “Moderate Buy” at Cormark

Cormark upgraded shares of Americas Silver (NYSEAMERICAN:USAS) to a moderate buy rating in a research report report published on Thursday morning,Zacks.com reports. Cormark also issued estimates for Americas Silver’s FY2027 earnings at $0.01 EPS and FY2028 earnings at $0.02 EPS.

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

Americas Silver Price Performance

Shares of USAS stock opened at $0.53 on Thursday. The firm has a market cap of $130.32 million, a price-to-earnings ratio of -2.92 and a beta of 1.17. Americas Silver has a 1 year low of $0.20 and a 1 year high of $0.54. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USAS. Renaissance Technologies LLC boosted its stake in Americas Silver by 2,806.1% during the second 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 period. Hollencrest Capital Management grew its holdings in Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after purchasing an additional 311,648 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Americas Silver in the 3rd quarter worth about $631,000. XTX Topco Ltd bought a new stake in shares of Americas Silver during the 3rd quarter worth approximately $26,000. Finally, Alpha Cubed Investments LLC purchased a new position in Americas Silver during the 4th quarter valued at $274,000. 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.