Americas Silver (NYSEAMERICAN:USAS) Shares Down 10.4% – What’s Next?

Americas Silver Corp (NYSEAMERICAN:USAS)’s share price traded down 10.4% during trading on Monday . The stock traded as low as $0.41 and last traded at $0.42. 1,522,153 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 1,112,705 shares. The stock had previously closed at $0.47.

Analyst Ratings Changes

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

Americas Silver Stock Down 10.4 %

The stock has a market cap of $116.07 million, a price-to-earnings ratio of -2.47 and a beta of 1.20.

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, topping analysts’ consensus estimates of ($0.04) by $0.02. Americas Silver had a negative return on equity of 53.06% and a negative net margin of 40.60%. The firm had revenue of $31.63 million during the quarter. On average, analysts expect that Americas Silver Corp will post -0.11 EPS for the current fiscal year.

Institutional Trading of Americas Silver

Several hedge funds and other institutional investors have recently made changes to their positions in USAS. Hollencrest Capital Management lifted its holdings in shares of 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 buying an additional 311,648 shares during the period. Renaissance Technologies LLC raised its holdings 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 valued at $286,000 after acquiring an additional 1,153,783 shares during the period. Tidal Investments LLC bought a new stake in Americas Silver during the first quarter valued at about $1,495,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Americas Silver during the first quarter valued at about $1,083,000. Hedge funds and other institutional investors 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.