TD Securities Upgrades Americas Silver (TSE:USA) to Strong-Buy

Americas Silver (TSE:USA) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Haywood Securities upped their price target on Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Americas Silver currently has a consensus rating of “Strong Buy” and a consensus target price of C$8.25.

Americas Silver Stock Performance

Americas Silver stock opened at C$10.92 on Tuesday. The firm’s 50 day simple moving average is C$8.75 and its 200 day simple moving average is C$5.84. The firm has a market capitalization of C$3.47 billion, a PE ratio of -39.71 and a beta of 2.56. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. Americas Silver has a 1-year low of C$1.40 and a 1-year high of C$14.14.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Monday, November 10th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$42.60 million during the quarter. Americas Silver had a negative return on equity of 95.25% and a negative net margin of 44.59%. As a group, 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 sale, the insider owned 50,610 shares in the company, valued at C$407,410.50. This represents a 49.70% decrease in their ownership of the stock. 0.86% of the stock is owned by company insiders.

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.