Van ECK Associates Corp Has $2.84 Million Stock Holdings in Americas Silver Corp (NYSEAMERICAN:USAS)

Van ECK Associates Corp increased its position in shares of Americas Silver Corp (NYSEAMERICAN:USAS) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,179,533 shares of the company’s stock after purchasing an additional 880,213 shares during the quarter. Van ECK Associates Corp owned approximately 5.07% of Americas Silver worth $2,840,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position 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 purchasing an additional 117,214 shares during the last quarter. Lynwood Capital Management Inc. boosted its stake in 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 acquiring an additional 1,863,500 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in Americas Silver by 2.7% during the 3rd quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company’s stock worth $651,000 after acquiring an additional 48,009 shares during the period. Finally, Rathbones Group PLC bought a new stake in shares of Americas Silver during the 3rd quarter valued at $42,000. 13.38% of the stock is owned by institutional investors.

Americas Silver Stock Up 3.0 %

Shares of NYSEAMERICAN:USAS opened at $0.27 on Wednesday. The company has a market capitalization of $66.97 million, a price-to-earnings ratio of -1.67 and a beta of 1.26. Americas Silver Corp has a 52 week low of $0.20 and a 52 week high of $0.56.

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 the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $25.00 million during the quarter. Americas Silver had a negative net margin of 39.21% and a negative return on equity of 38.79%. On average, research analysts anticipate that Americas Silver Corp will post -0.07 EPS for the current year.

Analysts Set New Price Targets

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

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.