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

Americas Silver Corp (TSE:USA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$9.28 and last traded at C$9.12, with a volume of 154590 shares traded. The stock had previously closed at C$9.00.

Wall Street Analyst Weigh In

USA has been the subject of a number of research analyst reports. 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. Haywood Securities raised their price objective on shares of Americas Silver from C$7.75 to C$9.00 in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.67.

Americas Silver Stock Up 1.3%

The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. The firm has a 50 day simple moving average of C$6.93 and a two-hundred day simple moving average of C$4.67. The company has a market capitalization of C$2.90 billion, a PE ratio of -33.16 and a beta of 2.15.

Americas Silver (TSE:USA) last posted its quarterly earnings results on Monday, November 10th. The company reported C($0.06) earnings per share for the quarter. Americas Silver had a negative return on equity of 95.25% and a negative net margin of 44.59%.The company had revenue of C$42.60 million for the quarter. Research 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.