Americas Silver Corp (TSE:USA) Stock Rated “Buy” by Wall Street Brokerages

Americas Silver Corp (TSE:USA) has earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$12.57.

Several analysts recently weighed in on the stock. National Bank Financial raised shares of Americas Silver to a “strong-buy” rating in a research note on Thursday, October 8th. Stifel Nicolaus set a C$12.00 target price on shares of Americas Silver and gave the company a “buy” rating in a research report on Wednesday, October 14th.

Americas Silver Trading Up 5.3%

Americas Silver stock opened at C$4.34 on Friday. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19. The firm has a 50-day moving average of C$5.97 and a 200-day moving average of C$7.77. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of -24.11 and a beta of 2.66. Americas Silver has a one year low of C$3.75 and a one year high of C$14.14.

Insiders Place Their Bets

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$6.73, for a total value of C$47,998.36. Following the sale, the director owned 6,202 shares in the company, valued at C$41,739.46. This represents a 53.49% decrease in their position. Insiders own 0.86% of the company’s stock.

Americas Silver Company Profile

Americas Gold and 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 Cosalá 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. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019.