Americas Silver (TSE:USA) Stock Rating Raised to Strong-Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Americas Silver (TSE:USA) to a strong-buy rating in a research report released on Tuesday morning,Zacks reports.

Several other equities research analysts also recently commented on the company. TD dropped their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, June 29th. National Bank Financial raised Americas Silver to a “strong-buy” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$12.57.

Americas Silver Price Performance

Shares of TSE USA opened at C$5.31 on Tuesday. The company has a 50 day simple moving average of C$6.91 and a two-hundred day simple moving average of C$7.21. Americas Silver has a fifty-two week low of C$4.96 and a fifty-two week high of C$14.14. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -29.50 and a beta of 3.17. The company has a debt-to-equity ratio of 18.83, a quick ratio of 0.19 and a current ratio of 1.62.

Insiders Place Their Bets

In other Americas Silver news, Director Shirley Eleanor In’t Veld sold 7,132 shares of Americas Silver stock in a transaction dated 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 completion of the transaction, the director directly owned 6,202 shares of the company’s stock, valued at approximately C$41,739.46. The trade was a 53.49% decrease in their ownership of the stock. 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.