Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,921,650 shares of the company’s stock, valued at approximately $1,083,000. Mirae Asset Global Investments Co. Ltd. owned 1.96% of Americas Silver as of its most recent filing with the Securities & Exchange Commission.
Separately, Van ECK Associates Corp raised its stake in Americas Silver by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 11,179,533 shares of the company’s stock worth $2,840,000 after purchasing an additional 880,213 shares during the period. Institutional investors own 13.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright cut their price target on shares of Americas Silver from $0.80 to $0.70 and set a “buy” rating on the stock in a research note on Friday, May 17th.
Get Our Latest Analysis on Americas Silver
Americas Silver Trading Up 2.3 %
NYSEAMERICAN USAS opened at $0.29 on Wednesday. Americas Silver Corp has a 12 month low of $0.20 and a 12 month high of $0.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.44. The firm has a market cap of $73.47 million, a price-to-earnings ratio of -1.59 and a beta of 1.22.
Americas Silver (NYSEAMERICAN:USAS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Americas Silver had a negative net margin of 45.81% and a negative return on equity of 51.42%. The company had revenue of $19.49 million for the quarter. Analysts predict that Americas Silver Corp will post -0.1 EPS for the current year.
Americas Silver Company Profile
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.
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Read More: Mirae Asset Global Investments Co. Ltd. Acquires New Position in Americas Silver