Americas Silver (TSE:USA) Reaches New 52-Week High – Here’s What Happened

Americas Silver Corp (TSE:USA)’s share price reached a new 52-week high on Wednesday . The company 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

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

Americas Silver Stock Up 3.8%

The firm has a market capitalization of C$1.95 billion, a price-to-earnings ratio of -25.96 and a beta of 1.76. The company has a quick ratio of 0.19, a current ratio of 0.42 and a debt-to-equity ratio of 77.75. The company’s 50 day moving average price is C$5.82 and its 200 day moving average price is C$3.34.

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