Americas Silver (TSE:USA) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Americas Silver Corp (TSE:USA)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on USA. TD reduced 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. 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. One 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 company presently has an average rating of “Buy” and a consensus price target of C$11.57.

Americas Silver Stock Performance

The stock’s 50-day moving average is C$6.51 and its 200-day moving average is C$8.41. The stock has a market cap of C$2.44 billion, a price-to-earnings ratio of -32.91 and a beta of 2.87. 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 released its earnings results on Thursday, May 14th. The company reported C$0.08 EPS for the quarter. Americas Silver had a negative net margin of 36.39% and a negative return on equity of 41.43%. The firm had revenue of C$94.26 million during the quarter. Analysts anticipate that Americas Silver Corp will post -0.08 EPS for the current fiscal 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.