Americas Silver (TSE:USA) Reaches New 12-Month Low - Here's Why

Key Points

• Americas Silver fell to a new 52-week low of C$4.18 before closing at C$4.25, down from C$4.47, amid trading volume of 98,748 shares.
• Despite the selloff, analysts remain bullish: the stock has an average “Buy” rating and a consensus price target of C$12.57, with several analysts assigning Strong Buy ratings.
• Director Shirley Eleanor In't Veld sold 7,132 shares for roughly C$48,000, reducing her holdings by 53.49%; company insiders own 0.86% of the stock.

Americas Silver Corp (TSE:USA - Get Free Report)'s share price hit a new 52-week low on Thursday. The company traded as low as C$4.18 and last traded at C$4.25, with a volume of 98,748 shares trading hands. The stock had previously closed at C$4.47.

Wall Street Analysts Forecast Growth

USA has been the subject of several research reports. National Bank Financial upgraded Americas Silver to a "strong-buy" rating in a research note on Thursday, October 8th. Stifel Nicolaus set a C$12.00 target price on Americas Silver and gave the company a "buy" rating in a research report on Wednesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$12.57.

Americas Silver Trading Down 1.6%

The company's 50 day moving average price is C$6.45 and its two-hundred day moving average price is C$7.93. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19. The stock has a market capitalization of C$1.49 billion, a PE ratio of -24.44 and a beta of 3.17.

Insiders Place Their Bets

In other news, Director Shirley Eleanor In't Veld sold 7,132 shares of the business'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 transaction of C$47,998.36. Following the transaction, the director directly owned 6,202 shares in the company, valued at C$41,739.46. The trade was a 53.49% decrease in their position. 0.86% of the stock is owned by company 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.

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