Americas Silver Corp (NYSEAMERICAN:USAS)’s share price dropped 10.9% during mid-day trading on Tuesday . The company traded as low as $3.19 and last traded at $3.26, approximately 1,896,285 shares changed hands during mid-day trading. An increase of 773% from the average daily volume of 217,244 shares. The stock had previously closed at $3.66.
USAS has been the topic of a number of research reports. Zacks Investment Research upgraded Americas Silver from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. HC Wainwright reaffirmed a “buy” rating and set a $3.80 target price on shares of Americas Silver in a report on Tuesday, May 14th.
Americas Silver (NYSEAMERICAN:USAS) last posted its earnings results on Monday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.07). The business had revenue of $17.80 million during the quarter, compared to analyst estimates of $27.12 million.
About Americas Silver (NYSEAMERICAN:USAS)
Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the CosalÃ¡ Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.
Recommended Story: What is a front-end load?
Receive News & Ratings for Americas Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Americas Silver and related companies with MarketBeat.com's FREE daily email newsletter.