HC Wainwright Increases Americas Silver (NYSEAMERICAN:USAS) Price Target to $1.00

Americas Silver (NYSEAMERICAN:USAS) had its price target lifted by analysts at HC Wainwright from $0.90 to $1.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 81.88% from the stock’s previous close.

Separately, Cormark raised Americas Silver to a “moderate buy” rating in a research report on Thursday, January 23rd.

Americas Silver Price Performance

Shares of USAS opened at $0.55 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The firm has a market cap of $136.21 million, a PE ratio of -3.05 and a beta of 1.20. Americas Silver has a 12-month low of $0.21 and a 12-month high of $0.60.

Hedge Funds Weigh In On Americas Silver

A number of hedge funds and other institutional investors have recently modified their holdings of USAS. NewGen Asset Management Ltd bought a new stake in Americas Silver during the fourth quarter valued at about $2,206,000. Sprott Inc. purchased a new stake in Americas Silver in the fourth quarter valued at about $2,099,000. The Manufacturers Life Insurance Company acquired a new stake in Americas Silver in the third quarter worth about $631,000. U S Global Investors Inc. purchased a new stake in shares of Americas Silver during the fourth quarter worth about $382,000. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Americas Silver during the fourth quarter valued at about $274,000. 13.38% of the stock is currently owned by institutional investors.

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.