Cormark Weighs in on Americas Silver Corp’s FY2022 Earnings (NYSEAMERICAN:USAS)

Americas Silver Corp (NYSEAMERICAN:USASGet Rating) – Analysts at Cormark lowered their FY2022 earnings estimates for shares of Americas Silver in a research report issued to clients and investors on Monday, November 14th. Cormark analyst R. Gray now anticipates that the company will earn ($0.18) per share for the year, down from their previous forecast of ($0.06). The consensus estimate for Americas Silver’s current full-year earnings is ($0.14) per share. Cormark also issued estimates for Americas Silver’s Q1 2023 earnings at ($0.01) EPS, Q2 2023 earnings at ($0.01) EPS, Q3 2023 earnings at ($0.01) EPS, Q4 2023 earnings at ($0.01) EPS and FY2023 earnings at ($0.04) EPS.

Americas Silver (NYSEAMERICAN:USASGet Rating) last issued its quarterly earnings data on Friday, November 11th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The business had revenue of $18.31 million during the quarter, compared to analyst estimates of $19.70 million. Americas Silver had a negative net margin of 81.08% and a negative return on equity of 26.33%.

Several other analysts have also issued reports on the stock. HC Wainwright dropped their target price on shares of Americas Silver from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Monday, November 14th. Stifel Nicolaus lowered their price objective on Americas Silver from C$0.90 to C$0.80 in a report on Monday, August 15th.

Americas Silver Price Performance

Americas Silver stock opened at $0.48 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a market capitalization of $96.49 million, a P/E ratio of -1.38 and a beta of 1.20. Americas Silver has a 1 year low of $0.37 and a 1 year high of $1.31.

Hedge Funds Weigh In On Americas Silver

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Americas Silver by 9.6% in the 1st quarter. Van ECK Associates Corp now owns 9,550,410 shares of the company’s stock valued at $10,314,000 after acquiring an additional 838,844 shares during the last quarter. Lynwood Capital Management Inc. boosted its holdings in shares of Americas Silver by 8.2% during the 3rd quarter. Lynwood Capital Management Inc. now owns 7,939,292 shares of the company’s stock worth $3,457,000 after purchasing an additional 603,792 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Americas Silver by 5.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,034,107 shares of the company’s stock valued at $3,328,000 after purchasing an additional 157,990 shares in the last quarter. Sprott Inc. acquired a new stake in shares of Americas Silver in the first quarter valued at approximately $2,747,000. Finally, WealthTrust Axiom LLC lifted its position in Americas Silver by 1.7% during the first quarter. WealthTrust Axiom LLC now owns 1,898,516 shares of the company’s stock worth $2,050,000 after buying an additional 31,600 shares in the last quarter. 24.33% of the stock is owned by hedge funds and other institutional investors.

Americas Silver Company Profile

(Get Rating)

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.

Further Reading

Earnings History and Estimates for Americas Silver (NYSEAMERICAN:USAS)

Receive News & Ratings for Americas Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americas Silver and related companies with MarketBeat.com's FREE daily email newsletter.