Americas Silver (NYSEAMERICAN:USAS) Shares Down 10.9%
Americas Silver Corp (NYSEAMERICAN:USAS) fell 10.9% during trading on Tuesday . The stock traded as low as $3.19 and last traded at $3.26, 1,896,285 shares traded hands during mid-day trading. An increase of 773% from the average session volume of 217,244 shares. The stock had previously closed at $3.66.
Several research analysts have recently commented on USAS shares. Zacks Investment Research raised Americas Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. HC Wainwright restated a “buy” rating and issued a $3.80 price target on shares of Americas Silver in a research report on Tuesday, May 14th.
Americas Silver (NYSEAMERICAN:USAS) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $17.80 million for the quarter, compared to analysts’ expectations of $27.12 million.
About Americas Silver (NYSEAMERICAN:USAS)
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 CosalÃ¡ 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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