Americas Silver (TSE:USA) Sets New 1-Year Low – What’s Next?

Americas Silver Corp (TSE:USA)’s stock price reached a new 52-week low during mid-day 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. The stock had previously closed at C$5.06.

Wall Street Analyst Weigh In

A number of research firms have commented on USA. TD reduced their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, June 29th. Stifel Nicolaus set a C$12.00 target price on shares of Americas Silver and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Finally, National Bank Financial raised shares of Americas Silver to a “strong-buy” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$12.57.

Americas Silver Stock Performance

The company has a quick ratio of 0.19, a current ratio of 1.62 and a debt-to-equity ratio of 18.83. The company has a market capitalization of C$1.51 billion, a PE ratio of -24.89 and a beta of 3.17. The stock’s fifty day simple moving average is C$6.68 and its 200-day simple moving average is C$7.12.

Insider Buying and Selling at Americas Silver

In related news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the firm’s 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 value of C$47,998.36. Following the completion of the transaction, the director directly owned 6,202 shares of the company’s stock, valued at C$41,739.46. This trade represents a 53.49% decrease in their position. 0.86% of the stock is currently 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.