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

Americas Silver (NYSEAMERICAN:USAS) had its price objective reduced by HC Wainwright from $1.00 to $0.90 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 62.72% from the company’s current price.

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

Americas Silver Trading Up 4.3 %

Shares of USAS opened at $0.55 on Tuesday. The stock has a market capitalization of $137.03 million, a P/E ratio of -3.07 and a beta of 1.20. Americas Silver has a 52-week low of $0.20 and a 52-week high of $0.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28.

Hedge Funds Weigh In On Americas Silver

Several hedge funds have recently made changes to their positions in USAS. NewGen Asset Management Ltd acquired a new stake in shares of Americas Silver during the fourth quarter worth $2,206,000. Sprott Inc. acquired a new stake in Americas Silver during the 4th quarter worth about $2,099,000. Merk Investments LLC lifted its position in shares of 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 acquiring an additional 50,000 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Americas Silver in the third quarter worth $631,000. Finally, Hollencrest Capital Management boosted its position in Americas Silver by 46.8% during the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company’s stock worth $672,000 after acquiring an additional 569,941 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.