Zacks Investment Research Lowers Americas Silver (USAS) to Sell

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Zacks Investment Research cut shares of Americas Silver (NYSEAMERICAN:USAS) from a hold rating to a sell rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Americas Silver Corporation is a silver mining company. It primarily owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. Americas Silver Corporation is based in TORONTO,ONTARIO. “

Separately, HC Wainwright set a $4.00 price objective on Americas Silver and gave the stock a buy rating in a report on Monday, April 8th.

USAS opened at $1.63 on Friday. Americas Silver has a 1 year low of $1.24 and a 1 year high of $4.30.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The firm had revenue of $18.89 million during the quarter, compared to analysts’ expectations of $23.25 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAS. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Americas Silver during the 4th quarter valued at about $1,206,000. ETF Managers Group LLC grew its stake in shares of Americas Silver by 7.6% during the 4th quarter. ETF Managers Group LLC now owns 277,189 shares of the company’s stock valued at $453,000 after purchasing an additional 19,652 shares during the period. WealthTrust Axiom LLC grew its stake in shares of Americas Silver by 23.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,504,575 shares of the company’s stock valued at $2,482,000 after purchasing an additional 287,722 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Americas Silver by 16,903.4% during the 4th quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after purchasing an additional 410,753 shares during the period.

Americas Silver Company Profile

Americas 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.

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