Americas Silver (NYSEAMERICAN:USAS) Stock Rating Reaffirmed by HC Wainwright

Americas Silver (NYSEAMERICAN:USAS – Get Rating)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $1.75 target price on the stock. HC Wainwright’s price target suggests a potential upside of 294.50% from the company’s current price.

Separately, Desjardins reduced their target price on shares of Americas Silver from C$1.30 to C$1.00 in a research note on Thursday.

Americas Silver Price Performance

NYSEAMERICAN:USAS opened at $0.44 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 0.07. Americas Silver has a twelve month low of $0.37 and a twelve month high of $1.20.

Hedge Funds Weigh In On Americas Silver

Several institutional investors have recently modified their holdings of the business. Cetera Investment Advisers acquired a new position in shares of Americas Silver in the fourth quarter worth $39,000. Van ECK Associates Corp grew its stake in shares of Americas Silver by 7.7% during the fourth quarter. Van ECK Associates Corp now owns 9,784,042 shares of the company’s stock worth $5,560,000 after purchasing an additional 695,897 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Americas Silver by 2.9% during the fourth quarter. Hollencrest Capital Management now owns 791,412 shares of the company’s stock worth $450,000 after purchasing an additional 22,588 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Americas Silver by 518.8% during the third quarter. Jane Street Group LLC now owns 507,329 shares of the company’s stock worth $208,000 after purchasing an additional 425,339 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its stake in shares of Americas Silver by 1.8% during the third quarter. WealthTrust Axiom LLC now owns 1,775,576 shares of the company’s stock worth $728,000 after purchasing an additional 31,810 shares in the last quarter. Institutional investors and hedge funds own 18.94% of the company’s stock.

About Americas Silver

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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.