Americas Silver (TSE:USA) Stock Price Down 8.9% - Time to Sell?

Key Points

• Down 8.9% — Americas Silver shares fell to C$6.94 on Monday (low C$6.80) on ~539,022 shares traded, roughly 74% below its average daily volume.
• Analysts remain broadly positive with one Strong Buy and two Buy ratings, an average price target of C$10.00 and a high C$17 target from Canaccord.
• Financials show liquidity and leverage risks (current ratio 0.91, quick ratio 0.19, debt-to-equity 100.82), and a director sold 125,000 shares at C$10.96, leaving insiders with 0.86% ownership.

Americas Silver Corp (TSE:USA - Get Free Report) was down 8.9% during trading on Monday . The stock traded as low as C$6.80 and last traded at C$6.94. Approximately 539,022 shares traded hands during trading, a decline of 74% from the average daily volume of 2,060,714 shares. The stock had previously closed at C$7.62.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on USA. TD Securities upgraded shares of Americas Silver to a "strong-buy" rating in a report on Tuesday, February 10th. Canaccord Genuity Group set a C$17.00 target price on shares of Americas Silver and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Finally, Haywood Securities raised their price target on Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$10.00.

Americas Silver Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.19 and a debt-to-equity ratio of 100.82. The firm's fifty day moving average price is C$10.57 and its 200-day moving average price is C$7.72. The firm has a market cap of C$2.05 billion, a price-to-earnings ratio of -23.49 and a beta of 2.26.

Insider Activity

In other news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of C$10.96, for a total transaction of C$1,370,000.00. Following the sale, the director owned 593,352 shares in the company, valued at approximately C$6,503,137.92. The trade was a 17.40% decrease in their ownership of the stock. Insiders own 0.86% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.