Americas Silver (TSE:USA) Hits New 52-Week High – Here’s What Happened

Americas Silver Corp (TSE:USA) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.14 and last traded at C$13.05, with a volume of 954745 shares. The stock had previously closed at C$12.74.

Wall Street Analyst Weigh In

Separately, Haywood Securities lifted their price objective on Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.67.

Americas Silver Stock Performance

The company has a market cap of C$3.92 billion, a PE ratio of -44.91 and a beta of 2.15. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19. The business has a 50-day moving average of C$7.41 and a 200 day moving average of C$5.00.

Americas Silver (TSE:USA) last posted its quarterly earnings data on Monday, November 10th. The company reported C($0.06) earnings per share (EPS) for the quarter. Americas Silver had a negative return on equity of 95.25% and a negative net margin of 44.59%.The business had revenue of C$42.60 million during the quarter. Equities research analysts anticipate that Americas Silver Corp will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Americas Silver

In other news, insider Warren Varga sold 50,000 shares of Americas Silver stock in a transaction dated 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 directly owned 50,610 shares of the company’s stock, valued at C$407,410.50. The trade was a 49.70% decrease in their position. 0.86% of the stock is currently owned by insiders.

About Americas Silver

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.