Americas Silver Stock Rating Upgraded by Cormark

On January 25, 2025, Americas Silver (NYSEAMERICAN:USAS) received a positive update from equities research firm Cormark, which upgraded its rating to a "moderate buy." This upgrade reflects growing confidence in the company’s future performance as outlined in their recent report. Additionally, Cormark provided earnings estimates projecting that Americas Silver will earn $0.01 per share in the fiscal year 2027 and $0.02 per share in fiscal year 2028.

In a related update, HC Wainwright reaffirmed its "buy" rating for Americas Silver and set a price target of $0.80 per share for the stock in a report published on October 10, 2024.

Current Stock Performance

As of Thursday, Americas Silver's stock opened at $0.53. The company’s financial metrics present a mixed picture, with a debt-to-equity ratio of 0.18, a quick ratio of 0.28, and a current ratio of 0.42. The stock has seen a 1-year low of $0.20 and a high of $0.54 within this period. The company's market capitalization stands at $131.31 million, and it holds a PE ratio of -2.94 along with a beta of 1.17, indicating its volatility compared to the market.

Americas Silver last reported its quarterly earnings on November 7, 2024. During this quarter, the company reported a loss of $0.05 per share, which was below the consensus estimate of a loss of $0.01 per share, indicating challenges in its operational performance. Revenue for the quarter amounted to $21.02 million. The firm also posted a negative net margin of 44.76% and a negative return on equity of 67.24%. Projections show that analysts expect the company to report earnings per share of -0.14 for the current year.

Institutional Investment Activity

Recent changes in institutional holdings have also been noteworthy, with several large investors adjusting their stakes in Americas Silver. Notably, XTX Topco Ltd entered a new position in the company valued at approximately $26,000 in the third quarter. Hollencrest Capital Management increased its holdings by 34.4%, now owning 1,217,076 shares worth $372,000. In the fourth quarter, Alpha Cubed Investments LLC also acquired a new position valued at $274,000. Furthermore, Renaissance Technologies LLC made a significant addition, increasing its holdings by 2,806.1% and now owning 1,194,900 shares worth $286,000. The Manufacturers Life Insurance Company also joined this trend by acquiring a new stake valued at $631,000. Currently, institutional investors and hedge funds own about 13.38% of the total shares of Americas Silver.

Overview of Americas Silver

Americas Silver (NYSEAMERICAN:USAS) is involved in the acquisition, exploration, development, and operation of mineral properties. The company focuses on metals like silver, lead, zinc, and copper. It primarily owns the Cosalá Operations in Sinaloa, Mexico, which consists of 67 mining concessions covering approximately 19,385 hectares. Additionally, it operates the Galena Complex located near Wallace in Idaho, USA.

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