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

Key Points

• Insider Warren Varga sold 50,000 shares for C$402,500 on Dec. 23 at C$8.05, reducing his position by 49.7% to 50,610 shares (valued at C$407,410.50).
• Shares jumped 8.7% to C$12.74 on heavy volume (2.94M) and are trading near their 52‑week high, despite negative quarterly EPS (C($0.06)), weak profitability and an average analyst price target of C$6.67 (consensus rating: Buy).

Americas Silver Corp (TSE:USA - Get Free Report) insider Warren Varga sold 50,000 shares of the company's 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 transaction, the insider directly owned 50,610 shares in the company, valued at C$407,410.50. The trade was a 49.70% decrease in their position.

Americas Silver Stock Up 8.7%

USA stock traded up C$1.02 during trading on Friday, hitting C$12.74. 2,944,692 shares of the company's stock were exchanged, compared to its average volume of 1,685,566. Americas Silver Corp has a 52-week low of C$1.40 and a 52-week high of C$12.89. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of -46.33 and a beta of 2.15. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. The business has a 50-day moving average price of C$7.41 and a two-hundred day moving average price of C$4.95.

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

Wall Street Analyst Weigh In

Several research analysts have commented on USA shares. Haywood Securities raised their target price on shares of Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. Desjardins set a C$6.00 price target on shares of Americas Silver and gave the stock a "buy" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target 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.

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