Americas Silver (TSE:USA) Issues Earnings Results

Americas Silver (TSE:USA) released its quarterly earnings results on Monday. The company reported C($0.19) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$48.99 million for the quarter. Americas Silver had a negative return on equity of 113.86% and a negative net margin of 56.18%.

Americas Silver Price Performance

Shares of USA opened at C$6.47 on Tuesday. The firm has a market cap of C$2.06 billion, a PE ratio of -23.53 and a beta of 2.26. Americas Silver has a 52-week low of C$1.40 and a 52-week high of C$14.14. The business’s 50 day moving average price is C$10.51 and its two-hundred day moving average price is C$7.74. The company has a debt-to-equity ratio of 100.82, a quick ratio of 0.19 and a current ratio of 0.91.

Insider Activity at Americas Silver

In other news, Director Scott Mckee Hand sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of C$10.96, for a total transaction of C$1,370,000.00. Following the completion of the sale, the director owned 593,352 shares of the company’s stock, valued at C$6,503,137.92. This trade represents a 17.40% decrease in their position. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

USA has been the topic of a number of analyst reports. Canaccord Genuity Group set a C$17.00 price objective on shares of Americas Silver and gave the company a “buy” rating in a research note on Tuesday, February 24th. Haywood Securities boosted their target price on shares of Americas Silver from C$7.75 to C$9.00 in a report on Thursday, December 18th. Finally, TD Securities raised shares of Americas Silver to a “strong-buy” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$10.00.

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.