Americas Silver Corp (NYSEAMERICAN:USAS) Expected to Post Q1 2024 Earnings of ($0.01) Per Share

Americas Silver Corp (NYSEAMERICAN:USAS) – Equities researchers at Cormark upped their Q1 2024 earnings per share estimates for Americas Silver in a note issued to investors on Monday, May 6th. Cormark analyst R. Gray now expects that the company will post earnings per share of ($0.01) for the quarter, up from their prior forecast 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 announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $25.00 million during the quarter. Americas Silver had a negative return on equity of 38.79% and a negative net margin of 39.21%.

Separately, HC Wainwright dropped their price objective on shares of 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 Price Performance

Shares of NYSEAMERICAN USAS opened at $0.29 on Thursday. Americas Silver has a 12 month low of $0.20 and a 12 month high of $0.56. The firm has a market capitalization of $72.62 million, a price-to-earnings ratio of -1.81 and a beta of 1.26.

Hedge Funds Weigh In On Americas Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC purchased a new position in shares of Americas Silver during the 3rd quarter worth about $42,000. WealthTrust Axiom LLC grew its stake in shares of Americas Silver by 2.7% during the third 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Americas Silver during the first quarter valued at approximately $1,083,000. Van ECK Associates Corp raised its holdings in shares of Americas Silver by 8.5% in the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after buying an additional 880,213 shares during the period. Finally, Lynwood Capital Management Inc. lifted its stake in shares of Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company’s stock worth $3,624,000 after acquiring an additional 1,863,500 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

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.