Stifel Nicolaus Upgrades Americas Silver (TSE:USA) to “Strong-Buy”

Americas Silver (TSE:USA) was upgraded by stock analysts at Stifel Nicolaus to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

USA has been the subject of several other reports. TD reduced their price objective on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, June 29th. National Bank Financial raised Americas Silver to a “strong-buy” rating in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Americas Silver currently has a consensus rating of “Buy” and an average price target of C$12.57.

Americas Silver Stock Down 7.5%

USA stock opened at C$5.31 on Tuesday. Americas Silver has a 1-year low of C$4.96 and a 1-year high of C$14.14. The business has a fifty day moving average price of C$6.91 and a 200-day moving average price of C$7.21. 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 stock has a market capitalization of C$1.80 billion, a P/E ratio of -29.50 and a beta of 3.17.

Insiders Place Their Bets

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were 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 approximately C$41,739.46. This trade represents a 53.49% decrease in their ownership of the stock. 0.86% of the stock is currently owned by company insiders.

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.