Shares of Americas Silver Corp (NYSEAMERICAN:USAS – Get Free Report) traded up 5% during mid-day trading on Friday . The company traded as high as $0.25 and last traded at $0.24. 656,350 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,138,791 shares. The stock had previously closed at $0.23.
Analyst Ratings Changes
Separately, HC Wainwright lowered their target price on shares of Americas Silver from $0.80 to $0.70 and set a “buy” rating on the stock in a research note on Friday, May 17th.
Get Our Latest Report on Americas Silver
Americas Silver Price Performance
Americas Silver (NYSEAMERICAN:USAS – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $19.49 million for the quarter. Americas Silver had a negative return on equity of 51.42% and a negative net margin of 45.81%. On average, sell-side analysts expect that Americas Silver Corp will post -0.1 earnings per share for the current year.
Hedge Funds Weigh In On Americas Silver
Several institutional investors and hedge funds have recently made changes to their positions in USAS. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Americas Silver during the 1st quarter worth approximately $1,083,000. Tidal Investments LLC bought a new stake in shares of Americas Silver during the first quarter worth $1,495,000. Finally, Van ECK Associates Corp raised its holdings in shares of Americas Silver by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after acquiring an additional 880,213 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.
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.
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