Americas Silver (TSE:USA) Stock Passes Below 50-Day Moving Average – Should You Sell?

Americas Silver Corp (TSE:USA) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$7.05 and traded as low as C$5.58. Americas Silver shares last traded at C$5.60, with a volume of 1,494,132 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on USA. Desjardins set a C$16.00 price target on Americas Silver and gave the stock a “buy” rating in a research note on Thursday, April 23rd. TD reduced their price objective on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Finally, BMO Capital Markets set a C$10.00 price objective on shares of Americas Silver and gave the company an “outperform” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$11.57.

Americas Silver Stock Down 1.9%

The company has a quick ratio of 0.19, a current ratio of 1.69 and a debt-to-equity ratio of 24.66. The company’s fifty day simple moving average is C$7.05 and its 200 day simple moving average is C$8.63. The firm has a market capitalization of C$1.89 billion, a PE ratio of -25.45 and a beta of 2.91.

Americas Silver (TSE:USA) last posted its earnings results on Thursday, May 14th. The company reported C$0.08 earnings per share for the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%.The firm had revenue of C$94.26 million for the quarter. Analysts anticipate that Americas Silver Corp will post -0.08 earnings per share 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.