Americas Silver (TSE:USA) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Americas Silver Corp (TSE:USA) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$9.88 and traded as high as C$12.68. Americas Silver shares last traded at C$12.30, with a volume of 1,901,139 shares trading hands.

Analyst Upgrades and Downgrades

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

Americas Silver Stock Down 9.9%

The firm’s 50 day moving average price is C$10.05 and its 200-day moving average price is C$6.93. 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 company has a market cap of C$3.69 billion, a P/E ratio of -42.25 and a beta of 2.56.

Insider Buying and Selling at Americas Silver

In other news, Director Scott Mckee Hand sold 125,000 shares of the stock in a transaction 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 transaction, the director owned 593,352 shares of the company’s stock, valued at C$6,503,137.92. This represents a 17.40% decrease in their position. Also, insider Warren Varga sold 50,000 shares of the firm’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 completion of the transaction, the insider owned 50,610 shares in the company, valued at C$407,410.50. This represents a 49.70% 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.