Americas Silver (NYSEAMERICAN:USAS) Stock Price Up 9.6%

Shares of Americas Silver Corp (NYSEAMERICAN:USAS – Get Rating) rose 9.6% during trading on Tuesday . The stock traded as high as $0.76 and last traded at $0.75. Approximately 563,192 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 702,005 shares. The stock had previously closed at $0.68.

A number of equities research analysts have recently weighed in on the stock. Desjardins reduced their price target on shares of Americas Silver to C$1.35 in a research note on Monday, May 16th. Stifel Nicolaus raised their price target on shares of Americas Silver from C$1.25 to C$1.30 in a research note on Friday, May 27th. Finally, HC Wainwright reduced their price target on shares of Americas Silver from $2.75 to $2.25 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1.60.

The company has a market cap of $129.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 0.07.

Hedge funds have recently made changes to their positions in the business. Sprott Inc. bought a new stake in shares of Americas Silver in the 1st quarter worth $2,747,000. ETF Managers Group LLC boosted its holdings in shares of Americas Silver by 70.4% in the 4th quarter. ETF Managers Group LLC now owns 4,350,420 shares of the company’s stock worth $3,515,000 after buying an additional 1,797,712 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Americas Silver by 9.6% during the first quarter. Van ECK Associates Corp now owns 9,550,410 shares of the company’s stock valued at $10,314,000 after purchasing an additional 838,844 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Americas Silver during the third quarter valued at about $399,000. Finally, Hollencrest Capital Management lifted its holdings in Americas Silver by 236.0% during the fourth quarter. Hollencrest Capital Management now owns 666,324 shares of the company’s stock valued at $537,000 after purchasing an additional 468,000 shares during the last quarter. Institutional investors and hedge funds own 26.53% of the company’s stock.

About Americas Silver (NYSEAMERICAN:USAS)

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.

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