Key Points
- Director Shirley Eleanor In't Veld sold 7,132 shares of Americas Silver at an average price of C$6.73, generating approximately C$47,998. After the transaction, she retained 6,202 shares, a 53.49% reduction in her position.
- Americas Silver shares opened at C$6.24 and were trading below their 50-day and 200-day moving averages, with the stock down 2.3%. The company has a C$2.11 billion market capitalization and a one-year trading range of C$4.96 to C$14.14.
- Analysts remain broadly bullish, with a consensus “Buy” rating and a C$12.67 target price, despite TD lowering its price objective from C$12.00 to C$11.00.
Americas Silver Corp (TSE:USA - Get Free Report) Director Shirley Eleanor In't Veld sold 7,132 shares of Americas Silver stock in a transaction on Friday, September 25th. The shares were sold at an average price of C$6.73, for a total transaction of C$47,998.36. Following the completion of the sale, the director directly owned 6,202 shares of the company's stock, valued at approximately C$41,739.46. The trade was a 53.49% decrease in their position.
Americas Silver Trading Down 2.3%
TSE:USA opened at C$6.24 on Thursday. The company has a market cap of C$2.11 billion, a PE ratio of -34.67 and a beta of 3.20. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19. Americas Silver Corp has a one year low of C$4.96 and a one year high of C$14.14. The firm has a 50-day moving average of C$6.83 and a 200-day moving average of C$7.39.
Wall Street Analysts Forecast Growth
Separately, TD reduced 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. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$12.67.
Read Our Latest Stock Report on USA
About Americas Silver
(
Get Free Report)
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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