Americas Silver (TSE:USA) Shares Pass Above 50 Day Moving Average – Here’s Why

Americas Silver Corp (TSE:USA)’s share 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.

Analyst Ratings Changes

Separately, TD dropped their price objective on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$11.57.

Americas Silver Stock Performance

The company has a current ratio of 1.62, a quick ratio of 0.19 and a debt-to-equity ratio of 18.83. The firm has a fifty day moving average price of C$6.54 and a 200 day moving average price of C$8.20. The firm has a market cap of C$2.49 billion, a PE ratio of -40.89 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 for the quarter. The business had revenue of C$94.26 million during the quarter. Americas Silver had a negative net margin of 26.60% and a negative return on equity of 24.05%. As a group, equities research analysts expect that Americas Silver Corp will post -0.08 earnings per share for the current fiscal year.

About Americas Silver

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.