Americas Silver (TSE:USA) Stock Price Down 8.9% – Here’s Why

Americas Silver Corp (TSE:USA) shares were down 8.9% during mid-day trading on Monday . The company traded as low as C$6.80 and last traded at C$6.94. Approximately 539,022 shares were traded 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on USA shares. Canaccord Genuity Group set a C$17.00 price target on Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. BMO Capital Markets set a C$10.00 target price on shares of Americas Silver and gave the stock an “outperform” rating in a report on Wednesday. TD Securities raised shares of Americas Silver to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Haywood Securities boosted their price target on shares of Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$10.00.

Americas Silver Trading Up 7.7%

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 stock has a market capitalization of C$2.49 billion, a P/E ratio of -28.44 and a beta of 2.26. The company has a 50-day moving average price of C$10.47 and a 200 day moving average price of C$7.77.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Monday, March 30th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$48.99 million for the quarter. Americas Silver had a negative net margin of 56.18% and a negative return on equity of 113.86%. On average, research analysts forecast that Americas Silver Corp will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Americas Silver

In other news, Director Scott Mckee Hand sold 125,000 shares of Americas Silver stock in a transaction that occurred on Wednesday, February 11th. The shares were 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. The trade was a 17.40% decrease in their position. Corporate 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.