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

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

Analyst Ratings Changes

Separately, Cormark upgraded 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 price-to-earnings 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.

Hedge Funds Weigh In On Americas Silver

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of Americas Silver by 4.8% during the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock worth $167,000 after acquiring an additional 19,696 shares during the period. Bank of America Corp DE raised its holdings 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 acquiring an additional 207,724 shares during the period. Merk Investments LLC raised its holdings in shares of Americas Silver by 1.9% during the fourth quarter. Merk Investments LLC now owns 2,751,028 shares of the company’s stock worth $1,050,000 after acquiring an additional 50,000 shares during the period. NewGen Asset Management Ltd acquired a new stake in shares of Americas Silver during the fourth quarter worth $2,206,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Americas Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company’s stock worth $457,000 after acquiring an additional 202,600 shares during the period. 13.38% of the stock is owned by institutional investors.

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.