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

Americas Silver Corp (TSE:USA) insider Warren Varga sold 50,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 50,610 shares of the company’s stock, valued at approximately C$407,410.50. This represents a 49.70% decrease in their position.

Americas Silver Stock Performance

Shares of TSE USA opened at C$12.74 on Monday. The company has a debt-to-equity ratio of 77.75, a quick ratio of 0.19 and a current ratio of 0.42. The company has a market cap of C$4.05 billion, a P/E ratio of -46.33 and a beta of 2.15. The firm’s fifty day moving average is C$7.41 and its two-hundred day moving average is C$5.00. Americas Silver Corp has a 52-week low of C$1.40 and a 52-week high of C$12.89.

Americas Silver (TSE:USA) last posted its earnings results on Monday, November 10th. The company reported C($0.06) 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, analysts anticipate that Americas Silver Corp will post -0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

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