Americas Silver (TSE:USA) Given New C$11.00 Price Target at TD

Americas Silver (TSE:USA) had its target price cut by research analysts at TD from C$12.00 to C$11.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 67.43% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Desjardins set a C$16.00 price objective on shares of Americas Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets set a C$10.00 target price on shares of Americas Silver and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$11.57.

Americas Silver Stock Down 4.1%

Shares of Americas Silver stock traded down C$0.28 on Monday, reaching C$6.57. The stock had a trading volume of 742,560 shares, compared to its average volume of 1,840,511. The company has a quick ratio of 0.19, a current ratio of 1.69 and a debt-to-equity ratio of 24.66. The stock has a market capitalization of C$2.22 billion, a P/E ratio of -29.86 and a beta of 2.70. The company has a 50 day moving average price of C$8.08 and a 200 day moving average price of C$8.85. Americas Silver has a 1 year low of C$2.63 and a 1 year high of C$14.14.

Americas Silver (TSE:USA) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%.The business had revenue of C$94.26 million for the quarter. As a group, equities research analysts forecast that Americas Silver will post -0.08 EPS for the current year.

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.