Americas Silver (TSE:USA) Trading Down 11% – Here’s Why

Americas Silver Corp (TSE:USA) was down 11% on Friday . The company traded as low as C$8.57 and last traded at C$8.73. Approximately 222,771 shares traded hands during trading, a decline of 88% from the average daily volume of 1,928,054 shares. The stock had previously closed at C$9.81.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on USA shares. Canaccord Genuity Group set a C$17.00 price target on Americas Silver and gave the stock a “buy” rating in a report on Tuesday, February 24th. TD Securities raised Americas Silver to a “strong-buy” rating in a research note on Tuesday, February 10th. Desjardins set a C$16.00 target price on Americas Silver and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets set a C$10.00 target price on Americas Silver and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$11.67.

Americas Silver Trading Down 10.5%

The company has a 50 day moving average of C$8.78 and a 200-day moving average of C$8.41. The company has a debt-to-equity ratio of 20.63, a quick ratio of 0.19 and a current ratio of 1.78. The stock has a market cap of C$2.86 billion, a price-to-earnings ratio of -26.61 and a beta of 2.84.

Americas Silver (TSE:USA) last posted its earnings results on Monday, March 30th. The company reported C($0.19) earnings per share (EPS) for the quarter. Americas Silver had a negative return on equity of 91.20% and a negative net margin of 74.15%.The firm had revenue of C$48.99 million for the quarter. On average, research analysts anticipate that Americas Silver Corp will post -0.08 earnings per share for the current 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.