Americas Silver (TSE:USA) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Americas Silver (TSE:USA) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Haywood Securities raised their target price on shares of Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$8.25.

Americas Silver Trading Up 3.2%

USA opened at C$11.21 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. The firm has a market cap of C$3.56 billion, a price-to-earnings ratio of -40.76 and a beta of 2.56. Americas Silver has a 12 month low of C$1.40 and a 12 month high of C$14.14. The stock has a fifty day moving average price of C$8.66 and a 200-day moving average price of C$5.80.

Americas Silver (TSE:USA) last posted its earnings results on Monday, November 10th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$42.60 million during the quarter. Americas Silver had a negative net margin of 44.59% and a negative return on equity of 95.25%. As a group, equities research analysts anticipate that Americas Silver will post -0.08 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Warren Varga sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the transaction, the insider directly owned 50,610 shares of the company’s stock, valued at C$407,410.50. This represents a 49.70% decrease in their position. Corporate 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.