Americas Silver (USAS) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a report published on Tuesday morning, AnalystRatings.com reports. The brokerage currently has a $3.80 target price on the stock.

“We reiterate our Buy rating while lowering our PT to $3.80 from $3.90 per share. The decreased PT is due to lowered long-term lead pricing of $0.85/lb (prior: $1.00/lb), in line with market prices and our commodity pricing deck. The remainder of our valuation model has not seen any meaningful changes.”,” the firm’s analyst commented.

Separately, Zacks Investment Research upgraded Americas Silver from a sell rating to a hold rating in a research note on Thursday, May 9th.

NYSEAMERICAN USAS opened at $1.79 on Tuesday. Americas Silver has a 1-year low of $1.24 and a 1-year high of $3.72.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The firm had revenue of $18.89 million during the quarter, compared to analysts’ expectations of $23.25 million.

A number of hedge funds have recently modified their holdings of USAS. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Americas Silver in the 4th quarter worth $1,206,000. Bank of Montreal Can increased its stake in Americas Silver by 16,903.4% in the 4th quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock worth $682,000 after buying an additional 410,753 shares in the last quarter. WealthTrust Axiom LLC increased its stake in Americas Silver by 23.6% in the 4th quarter. WealthTrust Axiom LLC now owns 1,504,575 shares of the company’s stock worth $2,482,000 after buying an additional 287,722 shares in the last quarter. ETF Managers Group LLC increased its stake in Americas Silver by 30.1% in the 1st quarter. ETF Managers Group LLC now owns 360,649 shares of the company’s stock worth $594,000 after buying an additional 83,460 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Americas Silver by 51.7% during the 1st quarter. Morgan Stanley now owns 56,056 shares of the company’s stock valued at $92,000 after purchasing an additional 19,100 shares during the last quarter.

About Americas Silver

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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