Americas Silver (NYSEAMERICAN:USAS) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Americas Silver (NYSEAMERICAN:USAS) issued its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06), reports. The company had revenue of $12.53 million for the quarter, compared to the consensus estimate of $24.93 million.
Shares of NYSEAMERICAN USAS traded down $0.02 during mid-day trading on Friday, hitting $2.62. The stock had a trading volume of 295,174 shares, compared to its average volume of 285,028. Americas Silver has a 1 year low of $1.24 and a 1 year high of $3.92.
Several brokerages recently commented on USAS. Zacks Investment Research downgraded shares of Americas Silver from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 target price on shares of Americas Silver in a research note on Friday. Finally, Laurentian Bank of Canada raised shares of Americas Silver to a “buy” rating in a research note on Thursday.
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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