Cormark Comments on Americas Silver Corp’s Q1 2024 Earnings (NYSEAMERICAN:USAS)

Americas Silver Corp (NYSEAMERICAN:USAS) – Research analysts at Cormark upped their Q1 2024 earnings estimates for Americas Silver in a report released on Monday, May 6th. Cormark analyst R. Gray now forecasts that the company will earn ($0.01) per share for the quarter, up from their prior estimate of ($0.04). The consensus estimate for Americas Silver’s current full-year earnings is ($0.07) per share. Cormark also issued estimates for Americas Silver’s Q2 2024 earnings at ($0.01) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.03) EPS.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share 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 company had revenue of $25.00 million for the quarter.

Separately, HC Wainwright lowered their price objective on Americas Silver from $1.50 to $0.80 and set a “buy” rating on the stock in a research note on Wednesday, January 24th.

Americas Silver Stock Performance

Shares of USAS stock opened at $0.26 on Thursday. Americas Silver has a fifty-two week low of $0.20 and a fifty-two week high of $0.56. The firm has a market capitalization of $64.89 million, a price-to-earnings ratio of -1.62 and a beta of 1.26.

Hedge Funds Weigh In On Americas Silver

Several large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Americas Silver by 2.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock worth $1,846,000 after acquiring an additional 117,214 shares during the last quarter. Lynwood Capital Management Inc. grew its stake in shares of 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 in the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Americas Silver by 2.7% in the 3rd quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock valued at $651,000 after buying an additional 48,009 shares during the period. Rathbones Group PLC acquired a new position in Americas Silver during the 3rd quarter worth about $42,000. Finally, Van ECK Associates Corp boosted its holdings in Americas Silver by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock valued at $2,840,000 after acquiring an additional 880,213 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Americas Silver

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.