Americas Silver (USAS) Expected to Announce Earnings on Thursday

Americas Silver (NYSEAMERICAN:USAS) is expected to be announcing its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.00 per share and revenue of $31.39 million for the quarter.

Americas Silver Price Performance

Shares of USAS traded down $0.03 during mid-day trading on Friday, hitting $0.56. The company’s stock had a trading volume of 746,200 shares, compared to its average volume of 1,085,984. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. Americas Silver has a 52-week low of $0.20 and a 52-week high of $0.60. The stock has a market capitalization of $139.29 million, a PE ratio of -3.12 and a beta of 1.20.

Hedge Funds Weigh In On Americas Silver

An institutional investor recently raised its position in Americas Silver stock. Bank of America Corp DE lifted its position in shares of Americas Silver Corp (NYSEAMERICAN:USAS) by 273,321.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,800 shares of the company’s stock after buying an additional 207,724 shares during the period. Bank of America Corp DE owned approximately 0.08% of Americas Silver worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on USAS shares. Cormark raised Americas Silver to a “moderate buy” rating in a research report on Thursday, January 23rd. HC Wainwright dropped their price objective on shares of Americas Silver from $1.00 to $0.90 and set a “buy” rating on the stock in a report on Tuesday.

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.