Zacks Investment Research downgraded shares of Americas Silver (NYSEAMERICAN:USAS) from a buy rating to a hold rating in a report published on Friday, November 17th.
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 reissued a buy rating and set a $5.00 target price on shares of Americas Silver in a research report on Wednesday, November 15th.
Shares of Americas Silver (NYSEAMERICAN:USAS) traded down $0.17 during trading hours on Friday, hitting $3.48. The stock had a trading volume of 16,239 shares, compared to its average volume of 44,942. Americas Silver has a 12 month low of $2.11 and a 12 month high of $5.04.
Large investors have recently bought and sold shares of the company. Scotia Capital Inc. raised its stake in shares of Americas Silver by 3.7% in the second quarter. Scotia Capital Inc. now owns 82,163 shares of the company’s stock valued at $231,000 after acquiring an additional 2,942 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Americas Silver by 268.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 301,900 shares of the company’s stock worth $1,244,000 after purchasing an additional 219,900 shares during the last quarter. WealthTrust Axiom LLC raised its position in Americas Silver by 16.0% in the 2nd quarter. WealthTrust Axiom LLC now owns 452,758 shares of the company’s stock worth $1,285,000 after purchasing an additional 62,418 shares during the last quarter. Global X Management Co. LLC bought a new position in Americas Silver in the 2nd quarter worth approximately $1,303,000. Finally, ETF Managers Group LLC bought a new position in Americas Silver in the 2nd quarter worth approximately $1,743,000.
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