TD Lowers Americas Silver (TSE:USA) Price Target to C$11.00

Americas Silver (TSE:USA) had its price target cut by stock analysts at TD from C$12.00 to C$11.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 67.43% from the company’s previous close.

Other analysts also recently issued reports about the stock. BMO Capital Markets set a C$10.00 target price on shares of Americas Silver and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Desjardins set a C$16.00 price target on shares of Americas Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$11.57.

Americas Silver Price Performance

Americas Silver stock traded down C$0.28 during midday trading on Monday, reaching C$6.57. 742,560 shares of the stock traded hands, compared to its average volume of 1,840,511. The stock has a market cap of C$2.22 billion, a P/E ratio of -29.86 and a beta of 2.70. The stock’s fifty day moving average is C$8.08 and its 200-day moving average is C$8.85. The company has a quick ratio of 0.19, a current ratio of 1.69 and a debt-to-equity ratio of 24.66. Americas Silver has a 12 month low of C$2.63 and a 12 month high of C$14.14.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%.The business had revenue of C$94.26 million for the quarter. As a group, equities research analysts anticipate that Americas Silver will post -0.08 EPS for the current year.

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.