Americas Silver (TSE:USA) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Americas Silver Corp (TSE:USA) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$8.20 and traded as high as C$8.36. Americas Silver shares last traded at C$7.59, with a volume of 1,471,373 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on USA shares. BMO Capital Markets set a C$10.00 target price on Americas Silver and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Desjardins set a C$16.00 price target on Americas Silver and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Canaccord Genuity Group set a C$17.00 price objective on Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Americas Silver currently has a consensus rating of “Buy” and an average price target of C$11.67.

Americas Silver Price Performance

The company has a market capitalization of C$2.56 billion, a PE ratio of -34.45 and a beta of 2.70. The company’s 50-day simple moving average is C$8.20 and its 200-day simple moving average is C$8.81. The company has a debt-to-equity ratio of 24.66, a quick ratio of 0.19 and a current ratio of 1.69.

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%. As a group, sell-side analysts anticipate that Americas Silver Corp will post -0.08 earnings per share for the current year.

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.