Americas Silver (TSE:USA) Insider Warren Varga Sells 50,000 Shares

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

Americas Silver Stock Performance

USA opened at C$12.74 on Friday. The company has a 50 day simple moving average of C$7.41 and a two-hundred day simple moving average of C$4.97. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19. The firm has a market cap of C$4.05 billion, a P/E ratio of -46.33 and a beta of 2.15. Americas Silver Corp has a 1-year low of C$1.40 and a 1-year high of C$12.89.

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

Analyst Upgrades and Downgrades

Separately, Haywood Securities boosted their price target on 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 Buy rating, According to MarketBeat, Americas Silver presently has an average rating of “Buy” and an average 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.