H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Americas Silver Corporation (NYSE MKT: USAS) today and set a price target of $4.60. The company’s shares closed yesterday at $2.22, close to its 52-week low of $2.05.
“We also note that shareholders of Americas Silver are expected to own about 64% of the combined firm on an undiluted basis, upon closing of the transaction, which we expect to take place sometime in 1Q19.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -2.7% and a 32.9% 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, with a price target consensus of $4.60, implying a 107.2% upside from current levels. In a report issued on October 1, Clarus also reiterated a Buy rating on the stock.
Based on Americas Silver Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.39 million. In comparison, last year the company had a GAAP net loss of $2.77 million.
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Americas Silver Corp. engages in acquiring, exploring and developing mineral resource properties. It operates through the followng segments: Mexican Operations; U.S Operations; and Corporate and Others. The company was founded by Peter Jude Hawley on May 12, 1998 and is headquartered in Toronto, Canada.