Americas Silver (NYSEAMERICAN:USAS) Rating Reiterated by Zacks Investment Research
Americas Silver (NYSEAMERICAN:USAS)‘s stock had its “buy” rating restated by Zacks Investment Research in a research report issued to clients and investors on Saturday, Zacks.com reports. They presently have a $3.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.70% from the company’s previous close.
According to Zacks, “Americas Gold And Silver Corporation is a metal producer. It is engaged in the exploration, development, operation and acquisition of precious metal properties. The company’s properties consist of San Rafael mine in Mexico and the Galena Complex in Idaho, USA. Americas Gold And Silver Corporation, formerly known as Americas Silver Corporation, is based in Toronto, Canada. “
Shares of USAS stock opened at $2.76 on Friday. Americas Silver has a 12 month low of $1.24 and a 12 month high of $3.92.
Several institutional investors have recently made changes to their positions in USAS. Homrich & Berg purchased a new stake in Americas Silver during the 2nd quarter valued at $28,000. US Bancorp DE purchased a new stake in Americas Silver during the 2nd quarter valued at $33,000. Wells Fargo & Company MN boosted its position in Americas Silver by 77.3% during the 2nd quarter. Wells Fargo & Company MN now owns 35,473 shares of the company’s stock valued at $83,000 after buying an additional 15,464 shares during the period. King Luther Capital Management Corp purchased a new stake in Americas Silver during the 2nd quarter valued at $167,000. Finally, Morgan Stanley boosted its position in Americas Silver by 37.3% during the 2nd quarter. Morgan Stanley now owns 76,958 shares of the company’s stock valued at $180,000 after buying an additional 20,902 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 CosalÃ¡ 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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