Americas Silver (TSE:USA) Trading Up 15.8% - Time to Buy?

Key Points

• Shares surged 15.8% intraday to C$8.74 (high C$8.86) on Wednesday, with about 808,644 shares traded—roughly 59% below the average daily volume.
• Analyst consensus is "Buy" with an average target of C$11.67 and multiple firms issuing buy/strong-buy ratings and targets between C$10 and C$17.
• Company remains unprofitable: last quarter EPS was C($0.19) with a −74.15% net margin and −91.2% ROE, and an insider sold 125,000 shares at C$10.96.

Americas Silver Corp (TSE:USA - Get Free Report)'s share price was up 15.8% on Wednesday . The company traded as high as C$8.86 and last traded at C$8.74. Approximately 808,644 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 1,950,269 shares. The stock had previously closed at C$7.55.

Analyst Upgrades and Downgrades

A number of research firms recently commented on USA. Desjardins set a C$16.00 price target on shares of Americas Silver and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Canaccord Genuity Group set a C$17.00 price target on shares of Americas Silver and gave the stock a "buy" rating in a research report on Tuesday, February 24th. BMO Capital Markets set a C$10.00 price target on shares of Americas Silver and gave the stock an "outperform" rating in a research report on Wednesday, April 1st. Finally, TD Securities raised shares of Americas Silver to a "strong-buy" rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$11.67.

Americas Silver Trading Up 17.5%

The company's 50-day moving average price is C$9.21 and its 200-day moving average price is C$8.24. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of -26.88 and a beta of 2.84. 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 (TSE:USA - Get Free Report) last announced its earnings results on Monday, March 30th. The company reported C($0.19) earnings per share (EPS) for the quarter. Americas Silver had a negative net margin of 74.15% and a negative return on equity of 91.20%. The company had revenue of C$48.99 million during the quarter. Equities analysts expect that Americas Silver Corp will post -0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Scott Mckee Hand sold 125,000 shares of the business's 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 value of C$1,370,000.00. Following the sale, the director directly owned 593,352 shares of the company's stock, valued at approximately C$6,503,137.92. The trade was a 17.40% decrease in their position. 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.

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