Americas Silver Corp (TSE:USA) Stock Now Rated “Buy” by Sell-Side Brokerages

Americas Silver Corp (TSE:USA) has received an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$12.57.

A number of brokerages have recently weighed in on USA. Stifel Nicolaus set a C$12.00 target price on Americas Silver and gave the company a “buy” rating in a research note on Wednesday, October 14th. National Bank Financial raised Americas Silver to a “strong-buy” rating in a report on Thursday, October 8th.

Americas Silver Stock Up 5.3%

USA stock opened at C$4.34 on Friday. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19. The company has a 50-day moving average of C$5.97 and a two-hundred day moving average of C$7.77. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -24.11 and a beta of 2.66. Americas Silver has a 52-week low of C$3.75 and a 52-week high of C$14.14.

Insider Buying and Selling

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