Americas Silver’s (USAS) Buy Rating Reiterated at Zacks Investment Research

Zacks Investment Research reaffirmed their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a research report report published on Saturday, Zacks.com reports. They currently have a $3.00 target price on the stock.

According to Zacks, “Americas Gold And Silver Corporation is a metal producer. It is engaged in the exploration, development, operation and acquisition of precious metal properties. The company’s properties consist of San Rafael mine in Mexico and the Galena Complex in Idaho, USA. Americas Gold And Silver Corporation, formerly known as Americas Silver Corporation, is based in Toronto, Canada. “

USAS stock opened at $2.83 on Friday. Americas Silver has a fifty-two week low of $1.24 and a fifty-two week high of $3.92.

Americas Silver (NYSEAMERICAN:USAS) last posted its earnings results on Monday, August 12th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $14.94 million during the quarter, compared to analysts’ expectations of $24.75 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Homrich & Berg purchased a new stake in Americas Silver in the second quarter valued at approximately $28,000. US Bancorp DE purchased a new stake in Americas Silver in the second quarter valued at approximately $33,000. Wells Fargo & Company MN lifted its stake in Americas Silver by 77.3% in the second quarter. Wells Fargo & Company MN now owns 35,473 shares of the company’s stock valued at $83,000 after buying an additional 15,464 shares during the last quarter. Morgan Stanley lifted its stake in Americas Silver by 37.3% in the second quarter. Morgan Stanley now owns 76,958 shares of the company’s stock valued at $180,000 after buying an additional 20,902 shares during the last quarter. Finally, King Luther Capital Management Corp purchased a new stake in Americas Silver in the second quarter valued at approximately $167,000.

Americas Silver Company Profile

Americas 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.

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