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

Americas Silver Corp (TSE:USA)’s stock price fell 11% during mid-day trading on Friday . The stock traded as low as C$8.57 and last traded at C$8.73. 222,771 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,928,054 shares. The stock had previously closed at C$9.81.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on USA. 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. 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. 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. Finally, TD Securities upgraded Americas Silver to a “strong-buy” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$11.67.

Americas Silver Trading Down 10.5%

The company has a current ratio of 1.78, a quick ratio of 0.19 and a debt-to-equity ratio of 20.63. The company has a fifty day simple moving average of C$8.78 and a 200-day simple moving average of C$8.41. The company has a market capitalization of C$2.86 billion, a PE ratio of -26.61 and a beta of 2.84.

Americas Silver (TSE:USA) last released its quarterly earnings results on Monday, March 30th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$48.99 million for the quarter. Americas Silver had a negative return on equity of 91.20% and a negative net margin of 74.15%. Analysts predict 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.