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 set a $4.00 target price on Americas Silver and gave the company a buy rating in a research report on Monday, April 8th.
Americas Silver (NYSEAMERICAN:USAS) last issued its quarterly earnings data on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). The firm had revenue of $18.89 million during the quarter, compared to analyst estimates of $23.25 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC increased its position in shares of Americas Silver by 7.6% during the 4th quarter. ETF Managers Group LLC now owns 277,189 shares of the company’s stock valued at $453,000 after purchasing an additional 19,652 shares during the last quarter. WealthTrust Axiom LLC increased its position in shares of Americas Silver by 23.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,504,575 shares of the company’s stock valued at $2,482,000 after purchasing an additional 287,722 shares during the last quarter. Bank of Montreal Can increased its position in shares of Americas Silver by 16,903.4% during the 4th quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after purchasing an additional 410,753 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Americas Silver during the 4th quarter valued at approximately $1,206,000.
Americas Silver Company Profile
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 CosalÃ¡ 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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