Canaccord Genuity Group Reiterates C$17.00 Price Target for Americas Silver (TSE:USA)

Canaccord Genuity Group set a C$17.00 price target on Americas Silver (TSE:USA) in a research report released on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Haywood Securities raised their price objective on Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. TD Securities upgraded Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$10.00.

Americas Silver Stock Performance

Shares of USA opened at C$12.90 on Tuesday. Americas Silver has a 12 month low of C$1.40 and a 12 month high of C$14.14. The firm has a fifty day simple moving average of C$9.56 and a 200 day simple moving average of C$6.54. The stock has a market capitalization of C$4.10 billion, a price-to-earnings ratio of -46.91 and a beta of 2.56. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75.

Insider Buying and Selling

In other news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver 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 completion of the transaction, the director directly owned 593,352 shares in the company, valued at approximately C$6,503,137.92. The trade was a 17.40% decrease in their position. Also, insider Warren Varga sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the transaction, the insider directly owned 50,610 shares in the company, valued at C$407,410.50. The trade was a 49.70% decrease in their ownership of the stock. Company 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.