H.C. Wainwright Reaffirms Their Buy Rating on Americas Silver Corporation (USAS)


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 $3.80. The company’s shares closed yesterday at $1.93.

Ihle said:

“We reiterate our Buy rating while lowering our PT to $3.80 from $3.90 per share. The decreased PT is due to lowered long-term lead pricing of $0.85/lb (prior: $1.00/lb), in line with market prices and our commodity pricing deck. The remainder of our valuation model has not seen any meaningful changes.”

According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.3% and a 32.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

Americas Silver Corporation has an analyst consensus of Strong Buy, with a price target consensus of $3.80.

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The company has a one-year high of $3.72 and a one-year low of $1.24. Currently, Americas Silver Corporation has an average volume of 140.2K.

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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.

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