Zacks Investment Research upgraded shares of Americas Silver (NYSEAMERICAN:USAS) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Americas Silver Corporation is a silver mining company. It primarily owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. Americas Silver Corporation is based in TORONTO,ONTARIO. “

Separately, HC Wainwright set a $4.00 price target on Americas Silver and gave the stock a buy rating in a research report on Monday, April 8th.

Americas Silver stock opened at $1.94 on Tuesday. Americas Silver has a 52 week low of $1.24 and a 52 week high of $3.57.

Hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its position in shares of Americas Silver by 16,903.4% in the fourth quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after acquiring an additional 410,753 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Americas Silver in the fourth quarter valued at approximately $1,206,000. WealthTrust Axiom LLC lifted its position in shares of Americas Silver by 6.5% in the first quarter. WealthTrust Axiom LLC now owns 1,602,909 shares of the company’s stock valued at $2,644,000 after acquiring an additional 98,334 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Americas Silver by 30.1% in the first quarter. ETF Managers Group LLC now owns 360,649 shares of the company’s stock valued at $594,000 after acquiring an additional 83,460 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Americas Silver by 159.7% in the first quarter. Wells Fargo & Company MN now owns 20,009 shares of the company’s stock valued at $33,000 after acquiring an additional 12,303 shares in the last quarter.

Americas Silver Company Profile

Americas 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.

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