Americas Silver (TSE:USA) Trading Down 6.7% - Time to Sell?

Key Points

• Americas Silver shares fell 6.7% to C$12.04 mid-day, with only 72,549 shares trading — about a 96% drop from average session volume.
• Analysts hold an average Buy rating with a mean target of C$10.00 (some firms are more bullish, e.g., Canaccord at C$17), meaning the stock is currently trading above consensus target levels.
• There has been notable insider selling (a director sold 125,000 shares and another insider sold 50,000), and the company shows weak liquidity and high leverage with a debt-to-equity of 100.82, current ratio 0.91 and quick ratio 0.19.

Americas Silver Corp (TSE:USA - Get Free Report) shares traded down 6.7% during mid-day trading on Thursday . The company traded as low as C$12.04 and last traded at C$12.04. 72,549 shares traded hands during trading, a decline of 96% from the average session volume of 1,872,298 shares. The stock had previously closed at C$12.90.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Securities raised Americas Silver to a "strong-buy" rating in a research report on Tuesday, February 10th. Canaccord Genuity Group set a C$17.00 target price on Americas Silver and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Finally, Haywood Securities increased their price target on Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, Americas Silver has an average rating of "Buy" and an average target price of C$10.00.

Americas Silver Stock Down 6.7%

The stock's fifty day simple moving average is C$9.98 and its two-hundred day simple moving average is C$6.90. The company has a debt-to-equity ratio of 100.82, a current ratio of 0.91 and a quick ratio of 0.19. The company has a market capitalization of C$3.83 billion, a price-to-earnings ratio of -43.78 and a beta of 2.56.

Insider Activity at Americas Silver

In related news, Director Scott Mckee Hand sold 125,000 shares of the business'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 transaction of C$1,370,000.00. Following the completion of the transaction, the director owned 593,352 shares in the company, valued at C$6,503,137.92. The trade was a 17.40% decrease in their position. Also, insider Warren Varga sold 50,000 shares of the company's stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$8.05, for a total value of C$402,500.00. Following the transaction, the insider owned 50,610 shares of the company's stock, valued at approximately C$407,410.50. The trade was a 49.70% decrease in their ownership of the stock. Company 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.