Americas Silver Corp (NYSEAMERICAN:USAS) to Post Q1 2024 Earnings of ($0.04) Per Share, Cormark Forecasts

Americas Silver Corp (NYSEAMERICAN:USAS) – Analysts at Cormark decreased their Q1 2024 EPS estimates for shares of Americas Silver in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of ($0.04) for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Americas Silver’s current full-year earnings is ($0.07) per share.

Americas Silver (NYSEAMERICAN:USAS) last issued its earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Americas Silver had a negative return on equity of 38.79% and a negative net margin of 39.21%. The firm had revenue of $25.00 million during the quarter.

Separately, HC Wainwright dropped their price target on shares of Americas Silver from $1.50 to $0.80 and set a “buy” rating for the company in a research report on Wednesday, January 24th.

Americas Silver Stock Performance

USAS opened at $0.27 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.23 and a current ratio of 0.38. Americas Silver has a twelve month low of $0.20 and a twelve month high of $0.56.

Institutional Investors Weigh In On Americas Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rathbones Group PLC purchased a new stake in shares of Americas Silver in the third quarter valued at about $42,000. WealthTrust Axiom LLC grew its holdings in shares of Americas Silver by 2.7% in the third quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock valued at $651,000 after purchasing an additional 48,009 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Americas Silver by 2.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock valued at $1,846,000 after purchasing an additional 117,214 shares during the period. Lynwood Capital Management Inc. lifted its position in Americas Silver by 22.5% in the third quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock valued at $3,624,000 after buying an additional 1,863,500 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Americas Silver by 8.5% in the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after buying an additional 880,213 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Silver Company Profile

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.