HC Wainwright Reaffirms Buy Rating for Americas Silver (NYSEAMERICAN:USAS)

HC Wainwright restated their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a report released on Thursday morning, Benzinga reports. HC Wainwright currently has a $0.80 price objective on the stock.

Americas Silver Stock Up 3.9 %

Shares of NYSEAMERICAN:USAS opened at $0.40 on Thursday. The stock has a market capitalization of $108.49 million, a P/E ratio of -2.38 and a beta of 1.29. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.43.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business 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, sell-side analysts forecast that Americas Silver will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Americas Silver

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after acquiring an additional 1,153,783 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Americas Silver during the first quarter valued at $1,083,000. Finally, Tidal Investments LLC bought a new position in shares of Americas Silver in the first quarter worth about $1,495,000. 13.38% of the stock is 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.