Americas Silver Corp (NYSEAMERICAN:USAS) Forecasted to Earn Q1 2024 Earnings of ($0.04) Per Share

Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) - Cormark cut their Q1 2024 earnings estimates for shares of Americas Silver in a report released on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will earn ($0.04) per share for the quarter, down from their prior estimate of ($0.02). The consensus estimate for Americas Silver's current full-year earnings is ($0.07) per share.

Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last issued its earnings results on Thursday, March 28th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $25.00 million during the quarter. Americas Silver had a negative return on equity of 38.79% and a negative net margin of 39.21%.

Separately, HC Wainwright cut their target price on shares of Americas Silver from $1.50 to $0.80 and set a "buy" rating on the stock in a research note on Wednesday, January 24th.

Americas Silver Stock Down 3.3 %

NYSEAMERICAN:USAS traded down $0.01 during mid-day trading on Wednesday, reaching $0.26. 631,568 shares of the company's stock traded hands, compared to its average volume of 1,192,870. Americas Silver has a 12-month low of $0.20 and a 12-month high of $0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.23. The company has a market cap of $65.54 million, a PE ratio of -1.63 and a beta of 1.35.

Hedge Funds Weigh In On Americas Silver

A number of hedge funds have recently bought and sold shares of the business. Rathbones Group PLC bought a new position in shares of Americas Silver during the 3rd quarter valued at $42,000. WealthTrust Axiom LLC boosted its position in Americas Silver by 2.7% in the third quarter. WealthTrust Axiom LLC now owns 1,827,519 shares of the company's stock worth $651,000 after purchasing an additional 48,009 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Americas Silver by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145,720 shares of the company's stock valued at $1,846,000 after purchasing an additional 117,214 shares during the period. Lynwood Capital Management Inc. grew its stake in shares of Americas Silver by 22.5% during the 3rd quarter. Lynwood Capital Management Inc. now owns 10,151,000 shares of the company's stock valued at $3,624,000 after purchasing an additional 1,863,500 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Americas Silver by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company's stock valued at $2,840,000 after purchasing an additional 880,213 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

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.