Analysts Issue Forecasts for Americas Silver Corp’s Q1 2024 Earnings (NYSEAMERICAN:USAS)

Americas Silver Corp (NYSEAMERICAN:USAS) – Equities researchers at Desjardins issued their Q1 2024 earnings estimates for Americas Silver in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Egilo anticipates that the company will earn ($0.03) per share for the quarter. The consensus estimate for Americas Silver’s current full-year earnings is ($0.07) per share.

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

Americas Silver Trading Up 4.9 %

USAS opened at $0.28 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.23 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $69.71 million, a price-to-earnings ratio of -1.74 and a beta of 1.35. Americas Silver has a twelve month low of $0.20 and a twelve month high of $0.56.

Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings data 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). Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. The business had revenue of $25.00 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USAS. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Americas Silver by 2.3% during 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 purchasing an additional 117,214 shares during the last quarter. Lynwood Capital Management Inc. grew its stake in Americas Silver by 22.5% in the 3rd 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. WealthTrust Axiom LLC grew its stake in 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 last quarter. Rathbones Group PLC acquired a new position in Americas Silver in the 3rd quarter valued at about $42,000. Finally, Van ECK Associates Corp grew its stake in Americas Silver by 8.5% in the 4th 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. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.