Cormark Comments on Americas Silver FY2024 Earnings

Americas Silver Corp (NYSEAMERICAN:USAS) – Analysts at Cormark issued their FY2024 earnings estimates for shares of Americas Silver in a research report issued on Thursday, January 23rd. Cormark analyst N. Dion anticipates that the company will post earnings per share of ($0.07) for the year. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Americas Silver’s current full-year earnings is ($0.14) per share. Cormark also issued estimates for Americas Silver’s FY2025 earnings at ($0.02) EPS and FY2026 earnings at $0.00 EPS.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $21.02 million during the quarter. Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%.

Separately, HC Wainwright restated a “buy” rating and set a $0.80 price target on shares of Americas Silver in a research report on Thursday, October 10th.

Americas Silver Stock Performance

Shares of USAS stock opened at $0.51 on Monday. Americas Silver has a fifty-two week low of $0.20 and a fifty-two week high of $0.54. The firm has a market capitalization of $127.34 million, a price-to-earnings ratio of -2.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42.

Hedge Funds Weigh In On Americas Silver

Several large investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Americas Silver in the 3rd quarter valued at $26,000. Alpha Cubed Investments LLC acquired a new position in Americas Silver during the 4th quarter worth $274,000. Renaissance Technologies LLC raised its position in Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock valued at $286,000 after purchasing an additional 1,153,783 shares in the last quarter. Hollencrest Capital Management grew its holdings in Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after acquiring an additional 311,648 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Americas Silver in the third quarter valued at $631,000. Institutional investors and hedge funds 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.