Americas Silver Corp (NYSEAMERICAN:USAS – Free Report) – Equities research analysts at HC Wainwright lowered their FY2023 earnings per share (EPS) estimates for shares of Americas Silver in a research note issued to investors on Thursday, November 16th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.14) for the year, down from their prior forecast of ($0.10). HC Wainwright has a “Buy” rating and a $1.50 price objective on the stock. The consensus estimate for Americas Silver’s current full-year earnings is ($0.13) per share.
A number of other research analysts also recently issued reports on the company. Roth Mkm restated a “buy” rating and set a $0.90 price target on shares of Americas Silver in a research note on Friday, August 18th. Stifel Canada downgraded Americas Silver from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th.
Americas Silver Stock Performance
NYSEAMERICAN:USAS opened at $0.22 on Monday. The company has a market cap of $48.41 million, a P/E ratio of -1.24 and a beta of 1.15. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.18. Americas Silver has a 52-week low of $0.21 and a 52-week high of $0.76.
Americas Silver (NYSEAMERICAN:USAS – Get Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Americas Silver had a negative net margin of 42.44% and a negative return on equity of 33.07%. The business had revenue of $18.26 million during the quarter, compared to analysts’ expectations of $20.10 million.
Institutional Investors Weigh In On Americas Silver
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cibc World Market Inc. grew its position in Americas Silver by 180.2% during the first quarter. Cibc World Market Inc. now owns 43,243 shares of the company’s stock valued at $47,000 after acquiring an additional 27,809 shares during the period. Goldman Sachs Group Inc. grew its position in Americas Silver by 183.3% during the first quarter. Goldman Sachs Group Inc. now owns 53,300 shares of the company’s stock valued at $58,000 after acquiring an additional 34,484 shares during the period. Cetera Investment Advisers purchased a new stake in Americas Silver during the fourth quarter valued at about $39,000. Renaissance Technologies LLC grew its position in Americas Silver by 150.2% during the first quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $33,000 after acquiring an additional 41,600 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Americas Silver during the second quarter valued at about $56,000. Hedge funds and other institutional investors own 17.28% 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.
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