Americas Silver (NYSEAMERICAN:USAS) Trading 5% Higher

Americas Silver Corp (NYSEAMERICAN:USAS) shares rose 5% on Friday . The stock traded as high as $0.25 and last traded at $0.24. Approximately 656,350 shares were traded during trading, a decline of 42% from the average daily volume of 1,138,791 shares. The stock had previously closed at $0.23.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on Americas Silver from $0.80 to $0.70 and set a “buy” rating for the company in a research note on Friday, May 17th.

Americas Silver Stock Up 5.0 %

The company has a market cap of $61.06 million, a PE ratio of -1.33 and a beta of 1.37. The company has a quick ratio of 0.28, a current ratio of 0.44 and a debt-to-equity ratio of 0.21.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $19.49 million during the quarter. Americas Silver had a negative return on equity of 51.42% and a negative net margin of 45.81%. On average, equities research analysts anticipate that Americas Silver Corp will post -0.1 EPS for the current fiscal year.

Institutional Trading of Americas Silver

Several large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of Americas Silver by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after buying an additional 880,213 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Americas Silver during the first quarter valued at approximately $1,495,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Americas Silver during the first quarter worth approximately $1,083,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Silver Company Profile

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.