Insider Buying: Americas Silver (TSE:USA) Director Purchases C$11,640.00 in Stock

Americas Silver Corp (TSE:USA) Director Peter James Goudie purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of C$5.82 per share, with a total value of C$11,640.00. Following the acquisition, the director directly owned 738,352 shares in the company, valued at approximately C$4,297,208.64. The trade was a 0.27% increase in their ownership of the stock.

Americas Silver Trading Up 7.0%

USA stock opened at C$7.01 on Friday. Americas Silver Corp has a one year low of C$3.03 and a one year high of C$14.14. The stock has a market cap of C$2.37 billion, a price-to-earnings ratio of -31.86 and a beta of 2.87. The company has a fifty day moving average price of C$6.60 and a two-hundred day moving average price of C$8.49. The company has a debt-to-equity ratio of 24.66, a current ratio of 1.69 and a quick ratio of 0.19.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$94.26 million for the quarter. Americas Silver had a negative net margin of 36.39% and a negative return on equity of 41.43%. Equities analysts anticipate that Americas Silver Corp will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on USA shares. TD cut their price objective on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Desjardins set a C$16.00 target price on Americas Silver and gave the company a “buy” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.