HC Wainwright Reaffirms Buy Rating for Americas Silver (NYSEAMERICAN:USAS)

Americas Silver (NYSEAMERICAN:USAS – Get Rating)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued on Friday, Benzinga reports. They presently have a $1.75 price target on the stock. HC Wainwright’s price objective points to a potential upside of 294.50% from the stock’s current price.

Separately, Desjardins cut their price target on shares of Americas Silver from C$1.30 to C$1.00 in a research note on Thursday.

Americas Silver Price Performance

NYSEAMERICAN:USAS opened at $0.44 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. Americas Silver has a fifty-two week low of $0.37 and a fifty-two week high of $1.20.

Hedge Funds Weigh In On Americas Silver

A number of hedge funds have recently made changes to their positions in USAS. Cibc World Market Inc. grew its holdings in Americas Silver by 180.2% during the 1st quarter. Cibc World Market Inc. now owns 43,243 shares of the company’s stock worth $47,000 after acquiring an additional 27,809 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Americas Silver in the 1st quarter valued at about $121,000. Goldman Sachs Group Inc. boosted its holdings in shares of Americas Silver by 183.3% in the 1st 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 period. Jane Street Group LLC acquired a new position in shares of Americas Silver in the 2nd quarter valued at about $56,000. Finally, Lynwood Capital Management Inc. boosted its holdings in shares of Americas Silver by 8.2% in the 3rd quarter. Lynwood Capital Management Inc. now owns 7,939,292 shares of the company’s stock valued at $3,457,000 after buying an additional 603,792 shares during the period. Hedge funds and other institutional investors own 18.94% of the company’s stock.

Americas Silver Company Profile

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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.