HighTower Advisors LLC purchased a new position in shares of Americas Silver Corp (NYSEAMERICAN:USAS – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 125,598 shares of the company’s stock, valued at approximately $47,000.
Several other institutional investors and hedge funds have also modified their holdings of USAS. Sprott Inc. acquired a new stake in Americas Silver in the fourth quarter valued at approximately $2,099,000. The Manufacturers Life Insurance Company acquired a new position in shares of Americas Silver during the third quarter worth $631,000. U S Global Investors Inc. acquired a new position in shares of Americas Silver during the fourth quarter worth $382,000. Alpha Cubed Investments LLC bought a new position in shares of Americas Silver in the 4th quarter valued at $274,000. Finally, XTX Topco Ltd acquired a new stake in shares of Americas Silver during the 3rd quarter valued at $26,000. 13.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on USAS. Cormark raised Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd. HC Wainwright upped their price objective on Americas Silver from $0.90 to $1.00 and gave the company a “buy” rating in a research note on Friday, March 28th.
Americas Silver Trading Down 12.3 %
Shares of NYSEAMERICAN:USAS opened at $0.42 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Americas Silver Corp has a 52 week low of $0.21 and a 52 week high of $0.60. The firm has a market cap of $104.82 million, a PE ratio of -2.35 and a beta of 1.20.
About Americas Silver
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.
Further Reading
- Five stocks we like better than Americas Silver
- ETF Screener: Uses and Step-by-Step Guide
- Archer Aviation’s Africa Deal Could Boost ACHR Stock
- Want to Profit on the Downtrend? Downtrends, Explained.
- Are Short Sellers Wrong About These 3 Semiconductor Stocks?
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?
Want to see what other hedge funds are holding USAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Americas Silver Corp (NYSEAMERICAN:USAS – Free Report).
Receive News & Ratings for Americas Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americas Silver and related companies with MarketBeat.com's FREE daily email newsletter.
