Americas Silver (NYSEAMERICAN:USAS – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), reports. The business had revenue of $18.26 million during the quarter, compared to analysts’ expectations of $20.10 million. Americas Silver had a negative return on equity of 32.21% and a negative net margin of 42.44%.
Americas Silver Trading Up 4.8 %
Shares of USAS stock traded up $0.01 on Friday, reaching $0.22. The company’s stock had a trading volume of 225,076 shares, compared to its average volume of 435,811. Americas Silver has a 12-month low of $0.21 and a 12-month high of $0.76. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.18.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. HC Wainwright restated a “buy” rating and set a $1.50 price objective on shares of Americas Silver in a report on Thursday. Roth Mkm reiterated a “buy” rating and issued a $0.90 price objective on shares of Americas Silver in a research note on Friday, August 18th.
Hedge Funds Weigh In On Americas Silver
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cibc World Market Inc. grew its holdings in shares of Americas Silver by 180.2% during the 1st quarter. Cibc World Market Inc. now owns 43,243 shares of the company’s stock valued at $47,000 after purchasing an additional 27,809 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Americas Silver by 183.3% during the first quarter. Goldman Sachs Group Inc. now owns 53,300 shares of the company’s stock valued at $58,000 after buying an additional 34,484 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Americas Silver in the fourth quarter worth about $39,000. Renaissance Technologies LLC lifted its stake in shares of Americas Silver by 150.2% in the 1st quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $33,000 after acquiring an additional 41,600 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Americas Silver during the 2nd quarter valued at about $56,000. 17.28% of the stock is currently owned by hedge funds and other institutional investors.
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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