Americas Silver (USAS) Expected to Announce Quarterly Earnings on Thursday

Americas Silver (NYSEAMERICAN:USAS) will likely be issuing its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of $0.00 per share and revenue of $31.39 million for the quarter.

Americas Silver Stock Down 1.0 %

USAS opened at $0.56 on Tuesday. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. The firm has a market capitalization of $137.92 million, a P/E ratio of -3.09 and a beta of 1.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Americas Silver stock. Bank of America Corp DE increased its stake in Americas Silver Corp (NYSEAMERICAN:USAS) by 273,321.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,800 shares of the company’s stock after purchasing an additional 207,724 shares during the period. Bank of America Corp DE owned 0.08% of Americas Silver worth $78,000 at the end of the most recent reporting period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. HC Wainwright cut their target price on shares of Americas Silver from $1.00 to $0.90 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Cormark upgraded Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

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.