Americas Silver (TSE:USA) Stock Passes Below Fifty Day Moving Average – Here’s Why

Americas Silver Corp (TSE:USA) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.64 and traded as low as C$7.22. Americas Silver shares last traded at C$7.38, with a volume of 19,498,127 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on the company. Canaccord Genuity Group set a C$17.00 price objective on shares of Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. Haywood Securities boosted their target price on shares of Americas Silver from C$7.75 to C$9.00 in a research report on Thursday, December 18th. Finally, TD Securities raised shares of Americas Silver to a “strong-buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$10.00.

Americas Silver Stock Down 8.8%

The business’s fifty day simple moving average is C$10.64 and its two-hundred day simple moving average is C$7.56. The company has a market cap of C$2.35 billion, a PE ratio of -26.84 and a beta of 2.26. The company has a debt-to-equity ratio of 100.82, a current ratio of 0.91 and a quick ratio of 0.19.

Insiders Place Their Bets

In related news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver stock in a transaction 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 owned 593,352 shares of the company’s stock, valued at approximately C$6,503,137.92. This trade represents a 17.40% decrease in their position. Also, insider Warren Varga sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the sale, the insider directly owned 50,610 shares of the company’s stock, valued at approximately C$407,410.50. The trade was a 49.70% decrease in their position. 0.86% of the stock is currently owned by company insiders.

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.