Americas Silver (TSE:USA) Given a C$16.00 Price Target by Desjardins Analysts

Americas Silver (TSE:USA) received a C$16.00 price objective from research analysts at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 97.53% from the company’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets set a C$10.00 price target on Americas Silver and gave the company an “outperform” rating in a research note on Wednesday, April 1st. TD Securities upgraded Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Canaccord Genuity Group set a C$17.00 price target on Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$11.67.

Americas Silver Stock Down 5.0%

USA stock traded down C$0.43 during mid-day trading on Thursday, reaching C$8.10. 1,226,327 shares of the company traded hands, compared to its average volume of 2,016,673. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of -24.55 and a beta of 2.90. The company has a quick ratio of 0.19, a current ratio of 1.78 and a debt-to-equity ratio of 20.63. Americas Silver has a fifty-two week low of C$1.88 and a fifty-two week high of C$14.14. The firm’s 50 day moving average price is C$9.54 and its 200 day moving average price is C$8.14.

Americas Silver (TSE:USA) last released its quarterly earnings results on Monday, March 30th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company 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%. As a group, equities research analysts predict that Americas Silver will post -0.08 EPS for the current fiscal year.

Insider Activity at Americas Silver

In other Americas Silver news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver stock in a transaction that occurred on Wednesday, February 11th. The shares were 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 of the company’s stock, valued at C$6,503,137.92. This trade represents a 17.40% decrease in their position. 0.86% of the stock is currently owned by corporate 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.