Americas Silver (TSE:USA) Reaches New 52-Week Low – Should You Sell?

Americas Silver Corp (TSE:USA) reached 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 traded. The stock had previously closed at C$4.47.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on USA. National Bank Financial upgraded Americas Silver to a “strong-buy” rating in a report on Thursday, October 8th. Stifel Nicolaus set a C$12.00 price target on Americas Silver and gave the stock a “buy” rating in a report on Wednesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Americas Silver presently has an average rating of “Buy” and an average target price of C$12.57.

Americas Silver Stock Down 1.6%

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 company has a market capitalization of C$1.49 billion, a PE ratio of -24.44 and a beta of 3.17. The business’s 50 day simple moving average is C$6.45 and its 200 day simple moving average is C$7.93.

Insider Activity

In other news, Director Shirley Eleanor In’t Veld sold 7,132 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at C$41,739.46. This trade represents a 53.49% decrease in their position. 0.86% of the stock is owned by corporate insiders.

Americas Silver Company Profile

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.