Americas Silver (TSE:USA) Upgraded at TD Securities

TD Securities upgraded shares of Americas Silver (TSE:USA) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Separately, Haywood Securities lifted their price target on shares of Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of C$8.25.

Americas Silver Stock Down 10.7%

USA opened at C$9.75 on Tuesday. The firm has a market capitalization of C$3.10 billion, a P/E ratio of -35.45 and a beta of 2.56. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19. The company has a fifty day moving average price of C$8.82 and a 200-day moving average price of C$5.87. Americas Silver has a one year low of C$1.40 and a one year high of C$14.14.

Americas Silver (TSE:USA) last posted its quarterly earnings data on Monday, November 10th. The company reported C($0.06) earnings per share for the quarter. The company had revenue of C$42.60 million for the quarter. Americas Silver had a negative net margin of 44.59% and a negative return on equity of 95.25%. Equities research analysts expect that Americas Silver will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Americas Silver

In related news, insider Warren Varga sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the transaction, the insider directly owned 50,610 shares in the company, valued at approximately C$407,410.50. This represents a 49.70% decrease in their ownership of the stock. Corporate insiders own 0.86% of the company’s stock.

About Americas Silver

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.