Americas Silver (TSE:USA) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Americas Silver Corp (TSE:USA)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.54 and traded as high as C$7.44. Americas Silver shares last traded at C$7.25, with a volume of 1,353,795 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on USA. Desjardins set a C$16.00 price target on shares of Americas Silver and gave the stock a “buy” rating in a research note on Thursday, April 23rd. TD dropped their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Americas Silver currently has an average rating of “Buy” and a consensus price target of C$11.57.

Americas Silver Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.62 and a debt-to-equity ratio of 18.83. The firm has a fifty day moving average price of C$6.54 and a two-hundred day moving average price of C$8.21. The stock has a market capitalization of C$2.45 billion, a P/E ratio of -32.95 and a beta of 2.87.

Americas Silver (TSE:USA) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$94.26 million during the quarter. Americas Silver had a negative return on equity of 24.05% and a negative net margin of 26.60%. On average, analysts expect 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. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019.