Cormark Estimates Americas Silver FY2024 Earnings

Americas Silver Corp (NYSEAMERICAN:USAS) – Equities researchers at Cormark issued their FY2024 earnings per share (EPS) estimates for shares of Americas Silver in a report issued on Thursday, January 23rd. Cormark analyst N. Dion expects that the company will post earnings per share of ($0.07) for the year. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Americas Silver’s current full-year earnings is ($0.14) per share. Cormark also issued estimates for Americas Silver’s FY2025 earnings at ($0.02) EPS and FY2026 earnings at $0.00 EPS.

Americas Silver (NYSEAMERICAN:USAS) last announced its earnings results on Thursday, November 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $21.02 million for the quarter. Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%.

Separately, HC Wainwright reissued a “buy” rating and set a $0.80 price target on shares of Americas Silver in a report on Thursday, October 10th.

Americas Silver Stock Performance

Shares of NYSEAMERICAN:USAS opened at $0.50 on Monday. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28. The company has a market cap of $123.88 million, a PE ratio of -2.78 and a beta of 1.17.

Hedge Funds Weigh In On Americas Silver

Hedge funds have recently bought and sold shares of the business. Alpha Cubed Investments LLC bought a new position in Americas Silver during the 4th quarter worth $274,000. XTX Topco Ltd bought a new position in shares of Americas Silver in the third quarter worth $26,000. The Manufacturers Life Insurance Company acquired a new position in Americas Silver in the third quarter valued at about $631,000. Hollencrest Capital Management lifted its position in Americas Silver by 34.4% during the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after purchasing an additional 311,648 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Americas Silver by 2,806.1% during the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after buying an additional 1,153,783 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

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.