Americas Silver (TSE:USA) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Americas Silver Corp (TSE:USA)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$7.53 and traded as low as C$5.16. Americas Silver shares last traded at C$5.25, with a volume of 941,808 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on USA shares. Desjardins set a C$16.00 target price on Americas Silver and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD cut their price target on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, June 29th. Finally, BMO Capital Markets set a C$10.00 price objective on shares of Americas Silver and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, Americas Silver presently has a consensus rating of “Buy” and a consensus target price of C$11.57.

Americas Silver Trading Down 6.9%

The company has a 50 day simple moving average of C$7.53 and a 200 day simple moving average of C$8.71. The company has a debt-to-equity ratio of 24.66, a quick ratio of 0.19 and a current ratio of 1.69. The company has a market capitalization of C$1.77 billion, a PE ratio of -23.86 and a beta of 2.91.

Americas Silver (TSE:USA) last announced its earnings results 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%. 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.