Americas Silver (TSE:USA) Given a C$12.00 Price Target by Stifel Nicolaus Analysts

Americas Silver (TSE:USA) received a C$12.00 price objective from analysts at Stifel Nicolaus in a research report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 131.21% from the company’s current price.

A number of other equities research analysts have also issued reports on USA. TD lowered their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, June 29th. National Bank Financial raised Americas Silver to a “strong-buy” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Americas Silver has a consensus rating of “Buy” and an average price target of C$12.57.

Americas Silver Stock Down 9.6%

Shares of USA traded down C$0.55 during midday trading on Wednesday, reaching C$5.19. 814,737 shares of the company were exchanged, compared to its average volume of 1,614,443. The stock has a 50-day moving average price of C$6.93 and a 200-day moving average price of C$7.23. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of -28.83 and a beta of 3.17. 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.

Insiders Place Their Bets

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of Americas Silver stock in a transaction on Friday, September 25th. The shares were sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the sale, the director owned 6,202 shares of the company’s stock, valued at C$41,739.46. The trade was a 53.49% decrease in their position. Insiders own 0.86% of the company’s stock.

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.