Americas Silver (NYSEAMERICAN:USAS) Given New $0.90 Price Target at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS) had its target price trimmed by HC Wainwright from $1.00 to $0.90 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Cormark raised Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

Americas Silver Stock Performance

Shares of NYSEAMERICAN USAS opened at $0.55 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. Americas Silver has a one year low of $0.20 and a one year high of $0.60. The firm has a market cap of $136.98 million, a price-to-earnings ratio of -3.07 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Americas Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock valued at $167,000 after purchasing an additional 19,696 shares during the period. Merk Investments LLC grew its holdings in Americas Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock valued at $1,050,000 after buying an additional 50,000 shares during the period. XTX Topco Ltd acquired a new position in shares of Americas Silver during the 3rd quarter valued at about $26,000. HighTower Advisors LLC purchased a new position in shares of Americas Silver during the 4th quarter worth about $47,000. Finally, American Century Companies Inc. acquired a new stake in shares of Americas Silver in the fourth quarter worth approximately $73,000. 13.38% 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.