Americas Silver (NYSEAMERICAN:USAS) Price Target Cut to C$1.00

Americas Silver (NYSEAMERICAN:USAS – Get Rating) had its price target lowered by Desjardins from C$1.30 to C$1.00 in a research note published on Thursday, The Fly reports.

Americas Silver Price Performance

USAS stock opened at $0.44 on Thursday. Americas Silver has a twelve month low of $0.37 and a twelve month high of $1.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.30.

Hedge Funds Weigh In On Americas Silver

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new position in Americas Silver in the fourth quarter worth $39,000. Van ECK Associates Corp boosted its holdings in Americas Silver by 7.7% in the fourth quarter. Van ECK Associates Corp now owns 9,784,042 shares of the company’s stock worth $5,560,000 after purchasing an additional 695,897 shares during the period. Hollencrest Capital Management lifted its stake in Americas Silver by 2.9% in the fourth quarter. Hollencrest Capital Management now owns 791,412 shares of the company’s stock valued at $450,000 after buying an additional 22,588 shares during the last quarter. Jane Street Group LLC lifted its stake in Americas Silver by 518.8% in the third quarter. Jane Street Group LLC now owns 507,329 shares of the company’s stock valued at $208,000 after buying an additional 425,339 shares during the last quarter. Finally, WealthTrust Axiom LLC lifted its stake in Americas Silver by 1.8% in the third quarter. WealthTrust Axiom LLC now owns 1,775,576 shares of the company’s stock valued at $728,000 after buying an additional 31,810 shares during the last quarter. Institutional investors and hedge funds own 18.94% of the company’s stock.

About Americas Silver

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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.