In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Americas Silver Corporation (USAS), with a price target of $3.90. The company’s shares closed on Friday at $1.77.
Ihle said:
“We currently value a NAV of $2.24 per share given the $174.6 million of cash flow. We highlight that Americas Silver has already secured financing from a variety of sources, and we expect the firm to start building the mine in the near future. FY18 results and FY19 outlook. Consolidated FY18 silver equivalent ounces (SEO) production increased by 32% 6.3 million ounces. FY18 revenues totaled $68.4 million with a net loss of $10.7 million or $0.25 per share. This compares with revenue of $54.3 million and a net loss of $3.5 million or $0.09 per share in FY17. In FY19, the company expects consolidated SEO production between 6.6 million and 7 million ounces, an increase of 8% YOY at the midpoint of guidance. 2019, we visited in northern Idaho.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -2.7% and a 44.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Americas Silver Corporation has an analyst consensus of Moderate Buy.
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Based on Americas Silver Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $6.8 million. In comparison, last year the company had a net profit of $523K.
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Americas Silver Corp. engages in the acquisition, exploration, development and exploration of mineral resource properties. It focuses its operation in Mexico and the United States. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.
