Americas Silver (TSE:USA) Given a C$16.00 Price Target at Desjardins

Desjardins set a C$16.00 target price on Americas Silver (TSE:USA) in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on USA. TD Securities upgraded Americas Silver to a “strong-buy” rating in a research report on Tuesday, February 10th. Canaccord Genuity Group set a C$17.00 target price on Americas Silver and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets set a C$10.00 price target on shares of Americas Silver and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$11.67.

Americas Silver Trading Down 4.9%

TSE:USA opened at C$8.11 on Thursday. The company has a market cap of C$2.64 billion, a P/E ratio of -24.58 and a beta of 2.90. The stock’s fifty day moving average price is C$9.51 and its two-hundred day moving average price is C$8.14. Americas Silver has a 1 year low of C$1.88 and a 1 year high of C$14.14. The company has a debt-to-equity ratio of 20.63, a current ratio of 1.78 and a quick ratio of 0.19.

Americas Silver (TSE:USA) last posted its earnings results on Monday, March 30th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$48.99 million for the quarter. Americas Silver had a negative return on equity of 91.20% and a negative net margin of 74.15%. As a group, analysts expect that Americas Silver will post -0.08 EPS for the current year.

Insider Buying and Selling at Americas Silver

In other news, Director Scott Mckee Hand sold 125,000 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of C$10.96, for a total value of C$1,370,000.00. Following the transaction, the director owned 593,352 shares of the company’s stock, valued at approximately C$6,503,137.92. This represents a 17.40% decrease in their ownership of the stock. 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.