Americas Silver (TSE:USA) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Americas Silver Corp (TSE:USA)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$8.18 and traded as low as C$6.30. Americas Silver shares last traded at C$6.35, with a volume of 1,221,437 shares trading hands.

Analyst Upgrades and Downgrades

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

Americas Silver Price Performance

The company has a debt-to-equity ratio of 24.66, a current ratio of 1.69 and a quick ratio of 0.19. The company has a fifty day moving average price of C$8.18 and a 200 day moving average price of C$8.74. The company has a market capitalization of C$2.08 billion, a P/E ratio of -28.86 and a beta of 2.70.

Americas Silver (TSE:USA) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business 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%. On average, sell-side analysts forecast 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.