Americas Silver (NYSEAMERICAN:USAS) Given New $1.00 Price Target at HC Wainwright

Americas Silver (NYSEAMERICAN:USAS) had its price objective upped by HC Wainwright from $0.90 to $1.00 in a research note issued to investors on Friday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

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

Americas Silver Price Performance

Shares of USAS opened at $0.54 on Friday. The company has a market capitalization of $134.13 million, a price-to-earnings ratio of -3.01 and a beta of 1.20. Americas Silver has a 52-week low of $0.21 and a 52-week high of $0.60. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Americas Silver

A number of hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Americas Silver in the 3rd quarter worth $26,000. HighTower Advisors LLC bought a new position in shares of Americas Silver in the fourth quarter valued at $47,000. American Century Companies Inc. bought a new position in shares of Americas Silver in the fourth quarter valued at $73,000. Bank of America Corp DE grew its holdings in shares of Americas Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after buying an additional 207,724 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Americas Silver in the 4th quarter worth about $94,000. 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.