Americas Silver (TSE:USA) Sets New 52-Week High – Still a Buy?

Shares of Americas Silver Corp (TSE:USA) hit a new 52-week high on Tuesday . The stock traded as high as C$8.16 and last traded at C$8.01, with a volume of 1770430 shares changing hands. The stock had previously closed at C$7.96.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on USA. Desjardins set a C$6.00 price target on Americas Silver and gave the stock a “buy” rating in a research note on Friday, September 26th. Cormark lifted their target price on shares of Americas Silver from C$2.00 to C$5.00 in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$5.50.

Americas Silver Stock Up 0.6%

The stock’s 50 day simple moving average is C$6.00 and its two-hundred day simple moving average is C$3.54. The firm has a market cap of C$2.46 billion, a P/E ratio of -29.13 and a beta of 1.76. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19.

Americas Silver (TSE:USA) last issued its quarterly earnings results on Monday, November 10th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$42.60 million during the quarter. Americas Silver had a negative return on equity of 95.25% and a negative net margin of 44.59%. As a group, research analysts forecast that Americas Silver Corp will post -0.08 earnings per share for the current 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.