Cormark Research Analysts Lower Earnings Estimates for Americas Silver Corp (NYSEAMERICAN:USAS)

Americas Silver Corp (NYSEAMERICAN:USAS) – Investment analysts at Cormark lowered their Q1 2024 earnings per share (EPS) estimates for shares of Americas Silver in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will earn ($0.04) per share for the quarter, down from their prior estimate 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 quarterly earnings data on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $25.00 million for the quarter. Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%.

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

Americas Silver Stock Performance

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

Institutional Trading of Americas Silver

Institutional investors have recently modified their holdings of the company. Lynwood Capital Management Inc. boosted 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 in the last quarter. Van ECK Associates Corp boosted 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $1,846,000 after buying an additional 117,214 shares in the last quarter. Rathbones Group PLC acquired a new stake in Americas Silver in the 3rd quarter valued at $42,000. Finally, WealthTrust Axiom LLC boosted 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 in the last quarter. 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.