Americas Silver (TSE:USA) Shares Down 6.7% – Should You Sell?

Shares of Americas Silver Corp (TSE:USA) dropped 6.7% on Thursday . The company traded as low as C$12.04 and last traded at C$12.04. Approximately 72,549 shares were traded during trading, a decline of 96% from the average daily volume of 1,872,298 shares. The stock had previously closed at C$12.90.

Analysts Set New Price Targets

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

Americas Silver Price Performance

The company has a market capitalization of C$3.54 billion, a P/E ratio of -40.51 and a beta of 2.26. The business’s 50-day moving average is C$10.11 and its two-hundred day moving average is C$7.00. The company has a quick ratio of 0.19, a current ratio of 0.91 and a debt-to-equity ratio of 100.82.

Insider Buying and Selling

In other news, Director Scott Mckee Hand sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of C$10.96, for a total value of C$1,370,000.00. Following the completion of the transaction, the director directly owned 593,352 shares of the company’s stock, valued at C$6,503,137.92. This represents a 17.40% decrease in their ownership of the stock. Also, insider Warren Varga sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 50,610 shares of the company’s stock, valued at C$407,410.50. This trade represents a 49.70% decrease in their position. 0.86% of the stock is owned by 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.