Americas Silver Corporation (USAS) Gets a Buy Rating from H.C. Wainwright


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Americas Silver Corporation (USAS) today and set a price target of $4.70. The company’s shares closed last Monday at $3.03.

Ihle wrote:

“We reiterate our Buy recommendation and raise our price target to $4.70 per share from $3.50 per share. Our higher PT was the result of our revised precious metals price deck, updated financials, and the removal of our internally estimated restructuring costs of $2.5M. This was partly offset by our lowered zinc price from $1.25/lb to $1.00lb, which is more in-line with current market prices. Our valuation remains based on a 1.0x NAV multiple to account for the non-producing nature of Relief Canyon.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% 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 $4.70.

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The company has a one-year high of $3.92 and a one-year low of $1.24. Currently, Americas Silver Corporation has an average volume of 344.8K.

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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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