Americas Silver (TSE:USA) Hits New 1-Year High – What’s Next?

Americas Silver Corp (TSE:USA) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$7.24 and last traded at C$7.14, with a volume of 1632511 shares traded. The stock had previously closed at C$6.88.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on USA shares. Cormark raised their price objective on Americas Silver from C$2.00 to C$5.00 in a research report on Thursday, August 28th. Desjardins set a C$6.00 price target on shares of Americas Silver and gave the company a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$5.50.

Americas Silver Stock Up 0.3%

The company’s 50-day moving average is C$5.95 and its 200 day moving average is C$3.45. The stock has a market capitalization of C$2.44 billion, a PE ratio of -28.95 and a beta of 1.76. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75.

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