Americas Silver (TSE:USA) Sets New 52-Week Low – Should You Sell?

Americas Silver Corp (TSE:USA) hit a new 52-week low during trading on Wednesday. The stock traded as low as C$4.96 and last traded at C$4.97, with a volume of 576,788 shares traded. The stock had previously closed at C$5.06.

Wall Street Analyst Weigh In

USA has been the subject of several research analyst reports. TD dropped their target price on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, June 29th. National Bank Financial upgraded shares of Americas Silver to a “strong-buy” rating in a research report on Thursday, October 8th. Finally, Stifel Nicolaus set a C$12.00 price target on shares of Americas Silver and gave the company a “buy” rating in a research report on Wednesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$12.57.

Americas Silver Price Performance

The stock has a market cap of C$1.68 billion, a PE ratio of -27.56 and a beta of 3.17. The business has a fifty day simple moving average of C$6.77 and a two-hundred day simple moving average of C$7.16. The company has a current ratio of 1.62, a quick ratio of 0.19 and a debt-to-equity ratio of 18.83.

Insider Buying and Selling at Americas Silver

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of Americas Silver stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the sale, the director directly owned 6,202 shares in the company, valued at C$41,739.46. The trade was a 53.49% decrease in their ownership of the stock. 0.86% of the stock is owned by corporate insiders.

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.