Americas Silver (TSE:USA) Sets New 12-Month Low – What’s Next?

Americas Silver Corp (TSE:USA)’s stock price reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$3.73 and last traded at C$3.87, with a volume of 217,512 shares changing hands. The stock had previously closed at C$3.98.

Wall Street Analysts Forecast Growth

USA has been the subject of several research analyst reports. Stifel Nicolaus set a C$12.00 price objective on Americas Silver and gave the company a “buy” rating in a research report on Wednesday, October 14th. 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 assigned a Buy rating to the stock. According to MarketBeat.com, Americas Silver currently has a consensus rating of “Buy” and an average price target of C$12.57.

Americas Silver Stock Down 10.8%

The firm has a market capitalization of C$1.20 billion, a P/E ratio of -19.72 and a beta of 2.66. The firm’s 50 day moving average is C$5.64 and its two-hundred day moving average is C$7.58. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19.

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 dated Friday, September 25th. The shares were sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the completion of the sale, the director owned 6,202 shares of the company’s stock, valued at approximately C$41,739.46. The trade was a 53.49% 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.