Americas Silver (NYSEAMERICAN:USAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, 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 company a “buy” rating in a report on Monday, April 8th.

Shares of NYSEAMERICAN:USAS traded up $0.04 on Wednesday, hitting $1.89. The company’s stock had a trading volume of 5,200 shares, compared to its average volume of 138,287. Americas Silver has a 1 year low of $1.24 and a 1 year high of $3.58.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The business had revenue of $18.89 million during the quarter, compared to analysts’ expectations of $23.25 million.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC raised its holdings in shares of Americas Silver by 7.6% during the 4th quarter. ETF Managers Group LLC now owns 277,189 shares of the company’s stock valued at $453,000 after buying an additional 19,652 shares in the last quarter. WealthTrust Axiom LLC raised its position in Americas Silver by 6.5% during the first quarter. WealthTrust Axiom LLC now owns 1,602,909 shares of the company’s stock valued at $2,644,000 after purchasing an additional 98,334 shares during the period. Bank of Montreal Can raised its position in Americas Silver by 16,903.4% during the fourth quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after purchasing an additional 410,753 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Americas Silver during the fourth quarter valued at approximately $1,206,000. Finally, Morgan Stanley raised its position in Americas Silver by 51.7% during the first quarter. Morgan Stanley now owns 56,056 shares of the company’s stock valued at $92,000 after purchasing an additional 19,100 shares during the period.

About Americas Silver

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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