Americas Silver (USAS) PT Set at $4.00 by HC Wainwright
HC Wainwright set a $4.00 target price on Americas Silver (NYSEAMERICAN:USAS) in a report published on Monday, TipRanks reports. The brokerage currently has a buy rating on the stock.
Separately, Zacks Investment Research raised Americas Silver from a hold rating to a buy rating and set a $1.75 target price on the stock in a research report on Saturday, January 5th.
NYSEAMERICAN:USAS opened at $1.74 on Monday. Americas Silver has a 1-year low of $1.24 and a 1-year high of $4.30.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETF Managers Group LLC boosted its stake 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 worth $453,000 after acquiring an additional 19,652 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Americas Silver by 16,903.4% during the 4th quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock worth $682,000 after acquiring an additional 410,753 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Americas Silver during the 4th quarter worth about $1,206,000. Finally, WealthTrust Axiom LLC boosted its stake in shares of Americas Silver by 23.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,504,575 shares of the company’s stock worth $2,482,000 after acquiring an additional 287,722 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 CosalÃ¡ 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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