Insider Buying: Americas Silver (TSE:USA) Director Purchases 2,000 Shares

Key Points

• Director Peter James Goudie purchased 2,000 shares of Americas Silver at an average price of C$5.82, investing C$11,640 and increasing his holdings by 0.27% to 738,352 shares.
• Americas Silver shares rose 8.3% to C$6.68 in Wednesday trading, with volume near its average; the stock remains below its 200-day moving average of C$8.53.
• Analysts maintain a broadly positive view, with an average “Buy” rating and a C$11.57 price target, despite the company’s negative net margin and return on equity.

Americas Silver Corp (TSE:USA - Get Free Report) Director Peter James Goudie bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of C$5.82 per share, with a total value of C$11,640.00. Following the purchase, the director owned 738,352 shares of the company's stock, valued at approximately C$4,297,208.64. This represents a 0.27% increase in their position.

Americas Silver Stock Up 8.3%

TSE:USA traded up C$0.51 during trading hours on Wednesday, hitting C$6.68. The company's stock had a trading volume of 1,726,767 shares, compared to its average volume of 1,732,087. Americas Silver Corp has a 52-week low of C$3.03 and a 52-week high of C$14.14. The company has a current ratio of 1.69, a quick ratio of 0.19 and a debt-to-equity ratio of 24.66. The stock has a market capitalization of C$2.25 billion, a P/E ratio of -30.36 and a beta of 2.91. The stock has a fifty day moving average of C$6.69 and a 200-day moving average of C$8.53.

Americas Silver (TSE:USA - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$94.26 million during the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%. On average, equities analysts forecast that Americas Silver Corp will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD lowered their price target on Americas Silver from C$12.00 to C$11.00 and set a "buy" rating for the company in a report on Monday, June 29th. Desjardins set a C$16.00 price objective on Americas Silver and gave the stock a "buy" rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$11.57.

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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