Zacks Investment Research Upgrades Americas Silver (NYSEAMERICAN:USAS) to Hold

Americas Silver (NYSEAMERICAN:USAS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Americas Silver Corporation is a silver mining company. It primarily owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. Americas Silver Corporation is based in TORONTO,ONTARIO. “

Separately, HC Wainwright restated a “buy” rating and set a $3.80 target price on shares of Americas Silver in a research note on Tuesday, May 14th.

NYSEAMERICAN USAS opened at $1.87 on Tuesday. Americas Silver has a 12 month low of $1.24 and a 12 month high of $3.55.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of Americas Silver by 159.7% during the first quarter. Wells Fargo & Company MN now owns 20,009 shares of the company’s stock valued at $33,000 after buying an additional 12,303 shares during the last quarter. Morgan Stanley raised its position in shares of Americas Silver by 51.7% during the first quarter. Morgan Stanley now owns 56,056 shares of the company’s stock valued at $92,000 after buying an additional 19,100 shares during the last quarter. ETF Managers Group LLC raised its position in shares of Americas Silver by 30.1% during the first quarter. ETF Managers Group LLC now owns 360,649 shares of the company’s stock valued at $594,000 after buying an additional 83,460 shares during the last quarter. Bank of Montreal Can raised its position in shares of Americas Silver by 16,903.4% during the fourth quarter. Bank of Montreal Can now owns 413,183 shares of the company’s stock valued at $682,000 after buying an additional 410,753 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Americas Silver during the fourth quarter valued at approximately $1,206,000.

About Americas Silver

Americas 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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