Insider Selling: Americas Silver (TSE:USA) Director Sells C$1,370,000.00 in Stock

Americas Silver Corp (TSE:USA) Director Scott Mckee Hand sold 125,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 593,352 shares of the company’s stock, valued at approximately C$6,503,137.92. This represents a 17.40% decrease in their position.

Americas Silver Trading Up 4.3%

USA opened at C$10.17 on Monday. The firm’s 50 day moving average is C$8.90 and its 200-day moving average is C$5.99. Americas Silver Corp has a 52-week low of C$1.40 and a 52-week high of C$14.14. 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$3.23 billion, a P/E ratio of -36.98 and a beta of 2.56.

Analysts Set New Price Targets

USA has been the topic of several recent analyst reports. Haywood Securities boosted their price target on Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. TD Securities upgraded Americas Silver to a “strong-buy” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Americas Silver currently has an average rating of “Strong Buy” and an average target price of C$8.25.

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.