Stifel Nicolaus Upgrades Americas Silver (TSE:USA) to Strong-Buy

Americas Silver (TSE:USA) was upgraded by equities researchers at Stifel Nicolaus to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

USA has been the subject of several other reports. National Bank Financial upgraded shares of Americas Silver to a “strong-buy” rating in a report on Thursday, October 8th. TD dropped their price target on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$12.57.

Americas Silver Stock Down 7.5%

Americas Silver stock opened at C$5.31 on Tuesday. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of -29.50 and a beta of 3.17. The firm’s fifty day moving average price is C$6.91 and its two-hundred day moving average price is C$7.21. Americas Silver has a 1-year low of C$4.96 and a 1-year high of C$14.14. The company has a current ratio of 1.62, a quick ratio of 0.19 and a debt-to-equity ratio of 18.83.

Insider Activity

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the completion of the sale, the director owned 6,202 shares in the company, valued at approximately C$41,739.46. This represents a 53.49% 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.