Insider Selling: Americas Silver (TSE:USA) Insider Sells C$402,500.00 in Stock

Americas Silver Corp (TSE:USA) insider Warren Varga sold 50,000 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$8.05, for a total transaction of C$402,500.00. Following the completion of the sale, the insider owned 50,610 shares of the company’s stock, valued at approximately C$407,410.50. The trade was a 49.70% decrease in their position.

Americas Silver Trading Down 3.1%

Shares of USA opened at C$12.35 on Tuesday. The stock’s 50-day moving average price is C$7.56 and its 200 day moving average price is C$5.08. The company has a quick ratio of 0.19, a current ratio of 0.42 and a debt-to-equity ratio of 77.75. The firm has a market capitalization of C$3.92 billion, a price-to-earnings ratio of -44.91 and a beta of 2.15. Americas Silver Corp has a 12-month low of C$1.40 and a 12-month high of C$14.14.

Americas Silver (TSE:USA) last released its quarterly earnings data on Monday, November 10th. The company reported C($0.06) earnings per share (EPS) for the quarter. Americas Silver had a negative net margin of 44.59% and a negative return on equity of 95.25%. The firm had revenue of C$42.60 million for the quarter. As a group, research analysts predict that Americas Silver Corp will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, Haywood Securities upped their target price on shares of Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Silver currently has an average rating of “Buy” and a consensus target price of C$6.67.

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.