Americas Silver (TSE:USA) Given a C$16.00 Price Target by Desjardins Analysts

Americas Silver (TSE:USA) has been assigned a C$16.00 price target by equities research analysts at Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 100.25% from the company’s previous close.

A number of other equities analysts also recently commented on the company. TD Securities upgraded Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets set a C$10.00 target price on Americas Silver and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group set a C$17.00 target price on Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$11.67.

Americas Silver Stock Down 1.5%

Shares of Americas Silver stock opened at C$7.99 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.78 and a debt-to-equity ratio of 20.63. The firm has a market cap of C$2.60 billion, a P/E ratio of -24.21 and a beta of 2.90. Americas Silver has a fifty-two week low of C$1.88 and a fifty-two week high of C$14.14. The business has a 50-day moving average price of C$9.47 and a 200 day moving average price of C$8.15.

Americas Silver (TSE:USA) last issued its earnings results on Monday, March 30th. The company reported C($0.19) EPS for the quarter. Americas Silver had a negative net margin of 74.15% and a negative return on equity of 91.20%. The company had revenue of C$48.99 million during the quarter. On average, sell-side analysts forecast that Americas Silver will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Scott Mckee Hand sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of C$10.96, for a total transaction of C$1,370,000.00. Following the completion of the transaction, the director directly owned 593,352 shares in the company, valued at approximately C$6,503,137.92. The trade was a 17.40% decrease in their ownership of the stock. 0.86% of the stock is currently owned by 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.