Americas Silver (TSE:USA) PT Set at C$17.00 by Canaccord Genuity Group

Americas Silver (TSE:USA) has been assigned a C$17.00 target price by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 42.14% from the company’s current price.

Other research analysts also recently issued reports about the stock. Haywood Securities boosted their price objective on shares of Americas Silver from C$7.75 to C$9.00 in a research report on Thursday, December 18th. TD Securities raised shares of Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$10.00.

Americas Silver Stock Up 8.0%

Americas Silver stock traded up C$0.89 during mid-day trading on Tuesday, hitting C$11.96. The company’s stock had a trading volume of 814,007 shares, compared to its average volume of 1,923,332. Americas Silver has a 52-week low of C$1.40 and a 52-week high of C$14.14. The company has a market cap of C$3.80 billion, a PE ratio of -43.49 and a beta of 2.56. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19. The firm’s 50 day moving average is C$9.27 and its 200 day moving average is C$6.38.

Insider Buying and Selling

In other Americas Silver news, Director Scott Mckee Hand sold 125,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of C$10.96, for a total transaction of C$1,370,000.00. Following the transaction, the director owned 593,352 shares in the company, valued at C$6,503,137.92. This trade represents a 17.40% decrease in their ownership of the stock. Also, insider Warren Varga sold 50,000 shares of Americas Silver stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the transaction, the insider directly owned 50,610 shares in the company, valued at approximately C$407,410.50. This represents a 49.70% decrease in their position. 0.86% of the stock is 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.