Americas Silver (TSE:USA) Trading Up 15.8% – Should You Buy?

Americas Silver Corp (TSE:USA)’s stock price rose 15.8% during trading on Wednesday . The company traded as high as C$8.86 and last traded at C$8.74. Approximately 808,644 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,950,269 shares. The stock had previously closed at C$7.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USA. Desjardins set a C$16.00 target price on shares of Americas Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. TD Securities upgraded shares of Americas Silver to a “strong-buy” rating in a research report on Tuesday, February 10th. Canaccord Genuity Group set a C$17.00 price objective on shares of Americas Silver and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets set a C$10.00 price target on shares of Americas Silver and gave the company an “outperform” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, Americas Silver presently has an average rating of “Buy” and a consensus target price of C$11.67.

Americas Silver Price Performance

The company’s 50-day moving average is C$9.21 and its 200-day moving average is C$8.24. The company has a debt-to-equity ratio of 20.63, a current ratio of 1.78 and a quick ratio of 0.19. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of -26.88 and a beta of 2.84.

Americas Silver (TSE:USA) last announced 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 for the quarter. Americas Silver had a negative net margin of 74.15% and a negative return on equity of 91.20%. On average, research analysts expect that Americas Silver Corp will post -0.08 earnings per share for the current year.

Insider Activity at Americas Silver

In related news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of C$10.96, for a total value of C$1,370,000.00. Following the completion of the sale, the director 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. 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.