Americas Silver (NYSEAMERICAN:USAS) Issues Earnings Results, Misses Estimates By $0.01 EPS

Americas Silver (NYSEAMERICAN:USAS) issued its earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01), reports. Americas Silver had a negative return on equity of 32.21% and a negative net margin of 42.44%. The company had revenue of $18.26 million during the quarter, compared to analyst estimates of $20.10 million.

Americas Silver Trading Up 5.2 %

USAS traded up $0.01 during trading on Friday, reaching $0.22. The company had a trading volume of 221,262 shares, compared to its average volume of 435,691. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.60 and a quick ratio of 0.40. Americas Silver has a 12-month low of $0.21 and a 12-month high of $0.76.

Institutional Investors Weigh In On Americas Silver

A number of large investors have recently made changes to their positions in the company. Cibc World Market Inc. grew its holdings in shares of Americas Silver by 180.2% during the first quarter. Cibc World Market Inc. now owns 43,243 shares of the company’s stock valued at $47,000 after buying an additional 27,809 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Americas Silver during the 1st quarter worth about $121,000. Goldman Sachs Group Inc. grew its stake in Americas Silver by 183.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,300 shares of the company’s stock valued at $58,000 after acquiring an additional 34,484 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Americas Silver in the 2nd quarter valued at about $56,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Americas Silver in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on USAS shares. HC Wainwright restated a “buy” rating and issued a $1.50 target price on shares of Americas Silver in a research report on Thursday. Roth Mkm reissued a “buy” rating and set a $0.90 price target on shares of Americas Silver in a report on Friday, August 18th.

Americas Silver Company Profile

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.