Americas Silver (NYSEAMERICAN:USAS) Trading Down 14.8% – Here’s What Happened

Americas Silver Corp (NYSEAMERICAN:USAS) fell 14.8% during mid-day trading on Friday . The stock traded as low as $0.49 and last traded at $0.49. 5,121,732 shares changed hands during trading, an increase of 403% from the average session volume of 1,017,592 shares. The stock had previously closed at $0.57.

Analysts Set New Price Targets

Separately, Cormark raised shares of Americas Silver to a “moderate buy” rating in a report on Thursday, January 23rd.

Americas Silver Trading Down 14.8 %

The stock has a market capitalization of $121.15 million, a PE ratio of -2.72 and a beta of 1.20. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Americas Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAS. XTX Topco Ltd acquired a new stake in Americas Silver during the 3rd quarter worth $26,000. HighTower Advisors LLC bought a new position in shares of Americas Silver in the 4th quarter worth $47,000. American Century Companies Inc. acquired a new stake in shares of Americas Silver during the fourth quarter worth $73,000. Bank of America Corp DE grew its stake in shares of Americas Silver by 273,321.1% during the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after purchasing an additional 207,724 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Americas Silver in the fourth quarter valued at about $94,000. Institutional investors and hedge funds 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.