H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Americas Silver Corporation (USAS) today and set a price target of $3.90. The company’s shares closed yesterday at $1.78.
Ihle wrote:
“We note that YoY throughput increased by 11%, as Cosalá grew milled tonnage by 24% during this period, which was partially offset by a 28% YoY decline in milled tonnage at the Galena Complex. Consolidated cash costs and AISC totaled -$0.50 (+82% $5.54 per silver ounce (-10% QoQ), respectively, as improved results at Cosalá partially offset the adverse impact from issues at Galena. Management has maintained its FY19 production guidance of 6.6-7.0 million SEOs including 1.6-2.0 million ounces of silver. The firm maintained its cost guidance with silver cash costs of $4.00-6.00 per ounce and AISC of $10.00-12.00 per ounce of silver.”
According to TipRanks.com, Ihle ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.2% and a 37.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Americas Silver Corporation with a $3.90 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $3.91 and a one-year low of $1.24. Currently, Americas Silver Corporation has an average volume of 140.3K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
