Americas Silver (USAS) Expected to Announce Earnings on Thursday

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

Americas Silver Stock Performance

USAS traded down $0.03 during trading on Friday, hitting $0.56. 746,200 shares of the company’s stock traded hands, compared to its average volume of 1,085,984. The company has a market cap of $139.29 million, a price-to-earnings ratio of -3.12 and a beta of 1.20. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.60. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

USAS has been the topic of several recent research reports. Cormark upgraded shares of Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd. HC Wainwright decreased their price target on shares of Americas Silver from $1.00 to $0.90 and set a “buy” rating on the stock in a research report on Tuesday.

Institutional Investors Weigh In On Americas Silver

An institutional investor recently raised its position in Americas Silver stock. Bank of America Corp DE raised its stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS) by 273,321.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.38% of the stock is owned by institutional investors and hedge funds.

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.