Americas Silver (NYSEAMERICAN:USAS) Issues Earnings Results, Misses Estimates By $0.06 EPS

Americas Silver (NYSEAMERICAN:USASGet Free Report) announced its earnings results on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06), reports. The firm had revenue of $19.49 million for the quarter. Americas Silver had a negative net margin of 45.81% and a negative return on equity of 51.42%.

Americas Silver Stock Down 3.2 %

NYSEAMERICAN:USAS opened at $0.30 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.23 and a current ratio of 0.44. Americas Silver has a 52-week low of $0.20 and a 52-week high of $0.46.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their target price on shares of Americas Silver from $0.80 to $0.70 and set a “buy” rating for the company in a research note on Friday.

View Our Latest Stock Analysis on USAS

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USAS. WealthTrust Axiom LLC grew its stake in shares of 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 purchasing an additional 48,009 shares during the period. Rathbones Group PLC bought a new position in Americas Silver during the 3rd quarter valued at about $42,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Americas Silver by 2.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company’s stock worth $1,846,000 after buying an additional 117,214 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Americas Silver by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after buying an additional 880,213 shares in the last quarter. Finally, Lynwood Capital Management Inc. raised its stake in shares of 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. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Americas Silver Company Profile

(Get Free Report)

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.

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Earnings History for Americas Silver (NYSEAMERICAN:USAS)

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