Americas Silver (NYSEAMERICAN:USAS) Trading Up 6.8%

Americas Silver Corp (NYSEAMERICAN:USAS)’s stock price was up 6.8% during trading on Wednesday . The stock traded as high as $2.79 and last traded at $2.67, approximately 393,917 shares were traded during trading. An increase of 146% from the average daily volume of 160,341 shares. The stock had previously closed at $2.50.

Several equities analysts recently commented on USAS shares. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. HC Wainwright set a $25.00 target price on shares of Onconova Therapeutics and gave the company a “buy” rating in a research note on Tuesday, May 14th.

Americas Silver (NYSEAMERICAN:USAS) last released its earnings results on Monday, May 13th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.07). The company had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $27.12 million.

A hedge fund recently raised its stake in Americas Silver stock. WealthTrust Axiom LLC raised its holdings in Americas Silver Corp (NYSEAMERICAN:USAS) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,602,909 shares of the company’s stock after buying an additional 98,334 shares during the quarter. WealthTrust Axiom LLC owned 3.53% of Americas Silver worth $2,644,000 as of its most recent SEC filing.

About Americas Silver (NYSEAMERICAN:USAS)

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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