Americas Silver (TSE:USA) Given a C$6.00 Price Target by Desjardins Analysts

Key Points

• Americas Silver has been assigned a price target of C$6.00 by Desjardins, indicating a potential upside of 21.70% from its previous close, alongside a "buy" rating.
• Cormark raised its price target from C$2.00 to C$5.00, contributing to an average price target of C$5.50 for the company.
• As of Friday, Americas Silver's stock price was C$4.93, having experienced significant trading activity with a volume of 1,605,892 shares.

Americas Silver (TSE:USA - Get Free Report) received a C$6.00 price objective from equities researchers at Desjardins in a research note issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective suggests a potential upside of 21.70% from the stock's previous close.

Separately, Cormark lifted their price target on Americas Silver from C$2.00 to C$5.00 in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$5.50.

Americas Silver Price Performance

TSE USA traded up C$0.39 during trading hours on Friday, hitting C$4.93. The company had a trading volume of 1,605,892 shares, compared to its average volume of 530,547. Americas Silver has a 52 week low of C$1.02 and a 52 week high of C$4.94. The firm has a 50 day simple moving average of C$2.51 and a 200 day simple moving average of C$1.47. The company has a debt-to-equity ratio of 77.75, a quick ratio of 0.19 and a current ratio of 0.42. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of -14.09 and a beta of 1.45.

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.

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