Shares of Americas Silver Corp (NYSEAMERICAN:USAS – Get Rating) rose 9.6% during trading on Tuesday . The stock traded as high as $0.76 and last traded at $0.75. Approximately 563,192 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 702,005 shares. The stock had previously closed at $0.68.
A number of equities research analysts have recently weighed in on the stock. Desjardins reduced their price target on shares of Americas Silver to C$1.35 in a research note on Monday, May 16th. Stifel Nicolaus raised their price target on shares of Americas Silver from C$1.25 to C$1.30 in a research note on Friday, May 27th. Finally, HC Wainwright reduced their price target on shares of Americas Silver from $2.75 to $2.25 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1.60.
The company has a market cap of $129.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 0.07.
About Americas Silver (NYSEAMERICAN:USAS)
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.
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