Americas Silver Corp to Post FY2018 Earnings of $0.05 Per Share, Clarus Securities Forecasts (USAS)

Americas Silver Corp (NYSEAMERICAN:USAS) – Equities researchers at Clarus Securities dropped their FY2018 EPS estimates for shares of Americas Silver in a note issued to investors on Tuesday, November 6th. Clarus Securities analyst J. Spratt now expects that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.28. Clarus Securities also issued estimates for Americas Silver’s FY2019 earnings at $0.07 EPS.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Americas Silver from a “hold” rating to a “strong sell” rating and set a $3.50 price objective for the company. in a research note on Sunday, July 15th. HC Wainwright set a $5.00 price objective on Americas Silver and gave the company a “buy” rating in a research note on Friday, July 20th.

NYSEAMERICAN USAS opened at $1.90 on Thursday. Americas Silver has a fifty-two week low of $1.82 and a fifty-two week high of $4.65.

Americas Silver (NYSEAMERICAN:USAS) last released its quarterly earnings data on Monday, November 5th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.14). The business had revenue of $11.73 million during the quarter, compared to analyst estimates of $25.88 million.

A hedge fund recently raised its stake in Americas Silver stock. WealthTrust Axiom LLC lifted its holdings in Americas Silver Corp (NYSEAMERICAN:USAS) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,216,853 shares of the company’s stock after purchasing an additional 282,215 shares during the period. WealthTrust Axiom LLC owned about 2.82% of Americas Silver worth $2,871,000 as of its most recent filing with the Securities & Exchange Commission.

About Americas Silver

Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of precious metals and polymetallic mineral properties in the Americas. It principally owns 100% interests in the Nuestra Señora silver-zinc-copper-lead mine, San Rafael silver-zinc-lead mine, and Zone 120 silver-copper exploration project located in Sinaloa, Mexico.

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