Americas Silver (NYSEAMERICAN:USAS) Trading 6% Higher

Americas Silver Corp (NYSEAMERICAN:USAS)’s share price traded up 6% during trading on Thursday . The stock traded as high as $0.28 and last traded at $0.27. 958,449 shares changed hands during trading, a decline of 4% from the average session volume of 998,867 shares. The stock had previously closed at $0.26.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on shares of Americas Silver from $0.70 to $0.80 and gave the stock a “buy” rating in a report on Tuesday, August 20th.

Americas Silver Stock Performance

The firm has a market capitalization of $72.21 million, a P/E ratio of -1.51 and a beta of 1.27.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $31.63 million for the quarter. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 53.06%. On average, equities analysts predict that Americas Silver Corp will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Americas Silver

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after buying an additional 1,153,783 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Americas Silver in the 1st quarter valued at approximately $1,083,000. Finally, Tidal Investments LLC purchased a new position in Americas Silver in the 1st quarter valued at approximately $1,495,000. Institutional investors 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.