Americas Silver (TSE:USA) Given a C$17.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$17.00 price objective on Americas Silver (TSE:USA) in a report issued on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently commented on USA. TD Securities raised shares of Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. Haywood Securities increased their target price on shares of Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$10.00.

Americas Silver Price Performance

USA opened at C$11.94 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. The stock has a market capitalization of C$3.79 billion, a P/E ratio of -43.42 and a beta of 2.56. The stock has a 50-day moving average price of C$9.35 and a 200-day moving average price of C$6.45. Americas Silver has a 12-month low of C$1.40 and a 12-month high of C$14.14.

Insider Buying and Selling at Americas Silver

In related news, insider Warren Varga sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the sale, the insider directly owned 50,610 shares in the company, valued at C$407,410.50. This represents a 49.70% decrease in their position. Also, Director Scott Mckee Hand sold 125,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of C$10.96, for a total transaction of C$1,370,000.00. Following the sale, the director directly owned 593,352 shares of the company’s stock, valued at C$6,503,137.92. The trade was a 17.40% decrease in their position. 0.86% of the stock is owned by insiders.

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.