Americas Silver (NYSEAMERICAN:USAS) Price Target Raised to $1.00

Americas Silver (NYSEAMERICAN:USAS) had its target price hoisted by HC Wainwright from $0.90 to $1.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 81.88% from the company’s current price.

Separately, Cormark upgraded Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

Americas Silver Stock Performance

Shares of USAS stock opened at $0.55 on Friday. Americas Silver has a 1 year low of $0.21 and a 1 year high of $0.60. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $136.21 million, a P/E ratio of -3.05 and a beta of 1.20.

Institutional Investors Weigh In On Americas Silver

Several hedge funds have recently added to or reduced their stakes in USAS. Cetera Investment Advisers raised its position in Americas Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock valued at $167,000 after acquiring an additional 19,696 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Americas Silver by 273,321.1% during the 4th quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock valued at $78,000 after purchasing an additional 207,724 shares in the last quarter. Merk Investments LLC increased its holdings in shares of Americas Silver by 1.9% during the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock valued at $1,050,000 after purchasing an additional 50,000 shares in the last quarter. NewGen Asset Management Ltd acquired a new position in shares of Americas Silver in the 4th quarter valued at $2,206,000. Finally, Renaissance Technologies LLC boosted its holdings in Americas Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company’s stock worth $457,000 after buying an additional 202,600 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Americas Silver Company Profile

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.