Americas Silver Co. , no par value (USAS) Rating Increased to Buy at Zacks Investment Research
Americas Silver Co. , no par value (NASDAQ:USAS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $5.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.08% from the stock’s previous close.
According to Zacks, “Americas Silver Corporation is a silver mining company. It primarily owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. Americas Silver Corporation is based in TORONTO,ONTARIO. “
Separately, HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Americas Silver Co. , no par value in a report on Wednesday, October 4th.
Shares of Americas Silver Co. , no par value (NASDAQ:USAS) traded down 2.7775% during mid-day trading on Thursday, hitting $4.5014. The company had a trading volume of 17,003 shares. The stock’s market cap is $179.64 million. The stock’s 50-day moving average is $4.47 and its 200-day moving average is $3.38. Americas Silver Co. , no par value has a 52-week low of $2.02 and a 52-week high of $5.04.
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A number of institutional investors have recently made changes to their positions in the stock. Scotia Capital Inc. increased its holdings in Americas Silver Co. , no par value by 3.7% in the second quarter. Scotia Capital Inc. now owns 82,163 shares of the company’s stock valued at $231,000 after buying an additional 2,942 shares during the last quarter. WealthTrust Axiom LLC increased its holdings in Americas Silver Co. , no par value by 16.0% in the second quarter. WealthTrust Axiom LLC now owns 452,758 shares of the company’s stock valued at $1,285,000 after buying an additional 62,418 shares during the last quarter. Global X Management Co. LLC bought a new stake in Americas Silver Co. , no par value in the second quarter valued at about $1,303,000. Finally, ETF Managers Group LLC bought a new stake in Americas Silver Co. , no par value in the second quarter valued at about $1,743,000.
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