Americas Silver (TSE:USA) Given a C$10.00 Price Target by BMO Capital Markets Analysts

Americas Silver (TSE:USA) has been assigned a C$10.00 price objective by equities research analysts at BMO Capital Markets in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 27.88% from the stock’s previous close.

A number of other equities analysts have also weighed in on USA. Canaccord Genuity Group set a C$17.00 target price on Americas Silver and gave the stock a “buy” rating in a research report on Tuesday, February 24th. TD Securities raised shares of Americas Silver to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Haywood Securities lifted their price target on shares of Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$10.00.

Americas Silver Stock Up 7.7%

USA traded up C$0.56 during trading on Wednesday, hitting C$7.82. 1,099,296 shares of the company’s stock traded hands, compared to its average volume of 2,111,257. The stock has a market capitalization of C$2.49 billion, a price-to-earnings ratio of -28.44 and a beta of 2.26. The company’s 50 day simple moving average is C$10.47 and its two-hundred day simple moving average is C$7.77. Americas Silver has a 12-month low of C$1.40 and a 12-month high of C$14.14. The company has a current ratio of 0.91, a quick ratio of 0.19 and a debt-to-equity ratio of 100.82.

Americas Silver (TSE:USA) last posted its quarterly earnings results on Monday, March 30th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$48.99 million during the quarter. Americas Silver had a negative return on equity of 113.86% and a negative net margin of 56.18%. Analysts predict that Americas Silver will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Americas Silver

In other news, Director Scott Mckee Hand sold 125,000 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of C$10.96, for a total value of C$1,370,000.00. Following the transaction, the director directly owned 593,352 shares in the company, valued at C$6,503,137.92. This trade represents 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.