Americas Silver (NYSEAMERICAN:USAS) Stock Price Down 10.4% - Should You Sell?

Americas Silver Corp (NYSEAMERICAN:USAS - Get Free Report)'s share price was down 10.4% during trading on Monday . The company traded as low as $0.41 and last traded at $0.42. Approximately 1,522,153 shares changed hands during trading, an increase of 37% from the average daily volume of 1,112,705 shares. The stock had previously closed at $0.47.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and issued a $0.80 target price on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Price Performance

The company has a market capitalization of $116.07 million, a P/E ratio of -2.48 and a beta of 1.20.

Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $31.63 million during the quarter. Americas Silver had a negative net margin of 40.60% and a negative return on equity of 53.06%. As a group, equities analysts forecast that Americas Silver Corp will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Americas Silver in the 1st quarter worth approximately $1,083,000. Tidal Investments LLC purchased a new stake in Americas Silver during the first quarter valued at about $1,495,000. Renaissance Technologies LLC raised its holdings in shares of Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company's stock valued at $286,000 after buying an additional 1,153,783 shares in the last quarter. Finally, Hollencrest Capital Management lifted its stake in Americas Silver by 34.4% in the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company's stock worth $372,000 after purchasing an additional 311,648 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

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.