Americas Silver (NYSEAMERICAN:USAS) Stock Rating Upgraded by Cormark

Americas Silver (NYSEAMERICAN:USAS) was upgraded by equities research analysts at Cormark to a “moderate buy” rating in a note issued to investors on Thursday,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 reaffirmed a “buy” rating and set a $0.80 price target on shares of Americas Silver in a research report on Thursday, October 10th.

Americas Silver Price Performance

Americas Silver stock opened at $0.53 on Thursday. The stock has a market capitalization of $130.32 million, a price-to-earnings ratio of -2.92 and a beta of 1.17. 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 has a twelve month low of $0.20 and a twelve month high of $0.54.

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

Hedge Funds Weigh In On Americas Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in Americas Silver during the third quarter valued at approximately $631,000. Renaissance Technologies LLC lifted its position 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 purchasing an additional 1,153,783 shares during the period. Alpha Cubed Investments LLC bought a new position in Americas Silver during the fourth quarter valued at approximately $274,000. Hollencrest Capital Management lifted its position in Americas Silver by 34.4% during the third 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 period. Finally, XTX Topco Ltd bought a new position in Americas Silver during the third quarter valued at approximately $26,000. 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.