Americas Silver (TSE:USA) Reaches New 1-Year High – Time to Buy?

Americas Silver Corp (TSE:USA)’s share price hit a new 52-week high on Monday . The stock traded as high as C$8.20 and last traded at C$8.06, with a volume of 1018845 shares trading hands. The stock had previously closed at C$7.60.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Haywood Securities upped their price objective on Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. Cormark upped their price target on Americas Silver from C$2.00 to C$5.00 in a research report on Thursday, August 28th. Finally, Desjardins set a C$6.00 price objective on Americas Silver and gave the stock a “buy” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Americas Silver presently has an average rating of “Buy” and a consensus price target of C$6.67.

Americas Silver Trading Down 0.1%

The company has a debt-to-equity ratio of 77.75, a quick ratio of 0.19 and a current ratio of 0.42. The stock has a market cap of C$2.54 billion, a P/E ratio of -29.02 and a beta of 1.76. The company has a 50-day simple moving average of C$6.23 and a 200-day simple moving average of C$3.85.

Americas Silver (TSE:USA) last announced its earnings results on Monday, November 10th. The company reported C($0.06) 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 for the quarter. On average, sell-side analysts forecast 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.