HC Wainwright Issues Positive Forecast for Americas Silver (NYSEAMERICAN:USAS) Stock Price

Americas Silver (NYSEAMERICAN:USAS) had its price objective increased by HC Wainwright from $0.90 to $1.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

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

Americas Silver Price Performance

USAS opened at $0.54 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.28 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 $0.60. The firm has a market cap of $134.13 million, a PE ratio of -3.01 and a beta of 1.20.

Hedge Funds Weigh In On Americas Silver

A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in shares of Americas Silver during the third quarter worth about $631,000. XTX Topco Ltd acquired a new stake in Americas Silver during the 3rd quarter valued at approximately $26,000. Alpha Cubed Investments LLC bought a new position in Americas Silver during the 4th quarter worth approximately $274,000. Sprott Inc. bought a new stake in shares of Americas Silver in the 4th quarter valued at $2,099,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Americas Silver during the fourth quarter worth $382,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.