Americas Silver (TSE:USA) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Americas Silver Corp (TSE:USA) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.20 and traded as high as C$8.36. Americas Silver shares last traded at C$7.59, with a volume of 1,471,373 shares traded.

Analyst Upgrades and Downgrades

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

Americas Silver Price Performance

The stock has a market capitalization of C$2.56 billion, a P/E ratio of -34.50 and a beta of 2.70. The company has a debt-to-equity ratio of 24.66, a quick ratio of 0.19 and a current ratio of 1.69. The firm has a fifty day moving average price of C$8.20 and a two-hundred day moving average price of C$8.82.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$94.26 million during the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%. As a group, analysts expect that Americas Silver Corp will post -0.08 EPS 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. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019.