Americas Silver (TSE:USA) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Americas Silver Corp (TSE:USA)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.51 and traded as high as C$7.44. Americas Silver shares last traded at C$7.24, with a volume of 1,209,710 shares.

Analyst Upgrades and Downgrades

USA has been the subject of a number of recent research reports. Desjardins set a C$16.00 price objective on Americas Silver and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD lowered their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, Americas Silver currently has an average rating of “Buy” and a consensus target price of C$11.57.

Americas Silver Trading Up 3.0%

The stock has a market cap of C$2.45 billion, a PE ratio of -33.05 and a beta of 2.87. The company has a 50 day moving average of C$6.49 and a two-hundred day moving average of C$8.37. 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 posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$94.26 million during the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%. Sell-side analysts anticipate that Americas Silver Corp will post -0.08 earnings per share for the current fiscal year.

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.