Americas Silver (TSE:USA) Sets New 12-Month Low – Should You Sell?

Americas Silver Corp (TSE:USA) hit a new 52-week low during trading on Thursday. The company traded as low as C$4.18 and last traded at C$4.25, with a volume of 98,748 shares traded. The stock had previously closed at C$4.47.

Analyst Upgrades and Downgrades

USA has been the subject of several recent research reports. Stifel Nicolaus set a C$12.00 target price on shares of Americas Silver and gave the company a “buy” rating in a report on Wednesday, October 14th. National Bank Financial raised shares of Americas Silver to a “strong-buy” rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, Americas Silver has an average rating of “Buy” and an average price target of C$12.57.

Americas Silver Stock Down 7.2%

The company has a market cap of C$1.35 billion, a PE ratio of -22.22 and a beta of 3.17. The business has a 50-day simple moving average of C$6.32 and a 200-day simple moving average of C$7.89. The company has a quick ratio of 0.19, a current ratio of 1.62 and a debt-to-equity ratio of 18.83.

Insider Transactions at Americas Silver

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of Americas Silver stock in a transaction on Friday, September 25th. The shares were sold at an average price of C$6.73, for a total value of C$47,998.36. Following the sale, the director owned 6,202 shares of the company’s stock, valued at approximately C$41,739.46. This trade represents a 53.49% decrease in their position. Corporate insiders own 0.86% of the company’s stock.

Americas Silver Company Profile

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.