HC Wainwright Has Lowered Expectations for Americas Silver (NYSEAMERICAN:USAS) Stock Price

Americas Silver (NYSEAMERICAN:USAS) had its price target reduced by research analysts at HC Wainwright from $1.00 to $0.90 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 60.09% from the stock’s current price.

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 NYSEAMERICAN:USAS opened at $0.56 on Tuesday. The firm has a market cap of $139.29 million, a price-to-earnings ratio of -3.12 and a beta of 1.20. Americas Silver has a 12-month low of $0.20 and a 12-month 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.

Institutional Investors Weigh In On Americas Silver

Institutional investors and hedge funds have recently modified their holdings of the business. NewGen Asset Management Ltd acquired a new position in Americas Silver during the 4th quarter worth $2,206,000. Sprott Inc. acquired a new position in Americas Silver during the 4th quarter worth $2,099,000. The Manufacturers Life Insurance Company acquired a new position in Americas Silver during the 3rd quarter worth $631,000. U S Global Investors Inc. acquired a new position in Americas Silver during the 4th quarter worth $382,000. Finally, Alpha Cubed Investments LLC acquired a new position in Americas Silver during the 4th quarter worth $274,000. 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.