H.C. Wainwright Keeps Their Buy Rating on Americas Silver Corporation

By Ryan Adsit

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Americas Silver Corporation (NYSE MKT: USAS), with a price target of $3.90. The company’s shares closed on Friday at $3.61, close to its 52-week high of $3.68.

Ihle wrote:

“Additional Drilling Expected in 2017; Reiterate Buy Stock Data 08/25/2017 Price $3.61 Exchange NYSE Price Target $3.90 52-Week High $3.79 52-Week Low $2.02 Enterprise Value (M) $146.2 Market Cap (M) $144 Shares Outstanding (M) 39.9 3 Month Avg Volume 32,546 Short Interest (M) 0.05 Balance Sheet Metrics Cash (M) $12.80 Total Debt (M) $15.00 Total Cash/Share $0.32 EPS Diluted Full Year – Dec 2016A 2017E 2018E FY (0.15) 0.05 0.32 Revenue ($M) Full Year – Dec 2016A 2017E 2018E FY 58.9 66.3 91.1 4 3.5 3 2.5 2 1.5 AUG- 16 DEC- 16 APR- 17 AUG- 17 0.2 0.15 0.1 0.05 0 Vol. (mil) Price Continuing coverage under the name H.C. Wainwright & Co. with a Buy rating. Effective August 28, 2017, research in the above titled name will now be published under H.C. Wainwright & Co. and no longer distributed in conjunction with ‘Rodman & Renshaw, a unit of H.C.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 12.8% and a 38.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Paramount Gold And Silver.

Americas Silver Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $3.90.

Based on Americas Silver Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $17.18 million and quarterly net profit of $881K. In comparison, last year the company earned revenue of $12.78 million and had a GAAP net loss of $2.16 million.

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Americas Silver Corp. is a silver producer with base metal by-product credits. It engages in acquiring, exploring and developing mineral resource properties. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.