Americas Silver (NYSEAMERICAN:USAS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.
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. “
Shares of NYSEAMERICAN:USAS opened at $1.59 on Friday. Americas Silver has a 12-month low of $1.24 and a 12-month high of $4.30.
Several large investors have recently made changes to their positions in the company. WealthTrust Axiom LLC increased its holdings in shares of Americas Silver by 23.6% in the 4th quarter. WealthTrust Axiom LLC now owns 1,504,575 shares of the company’s stock valued at $2,482,000 after acquiring an additional 287,722 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Americas Silver in the 4th quarter valued at $1,206,000. Bank of Montreal Can increased its holdings in shares of Americas Silver by 16,903.4% in the 4th quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after acquiring an additional 410,753 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of Americas Silver by 7.6% in the 4th quarter. ETF Managers Group LLC now owns 277,189 shares of the company’s stock valued at $453,000 after acquiring an additional 19,652 shares during the period.
Americas Silver Company Profile
Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of precious metals and polymetallic mineral properties in the Americas. It principally owns 100% interests in the Nuestra SeÃ±ora silver-zinc-copper-lead mine, San Rafael silver-zinc-lead mine, and Zone 120 silver-copper exploration project located in Sinaloa, Mexico.
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