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

Americas Silver Corp (TSE:USA)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on USA. BMO Capital Markets set a C$10.00 price target on Americas Silver and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Canaccord Genuity Group set a C$17.00 price target on Americas Silver and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$11.67.

Americas Silver Stock 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 stock has a market capitalization of C$2.08 billion, a P/E ratio of -28.86 and a beta of 2.70. The company has a fifty day moving average of C$8.18 and a two-hundred day moving average of C$8.74.

Americas Silver (TSE:USA) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share for the quarter. The firm 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, equities analysts anticipate that Americas Silver Corp will post -0.08 EPS 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.