Americas Silver (TSE:USA) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of Americas Silver Corp (TSE:USA) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$7.53 and traded as low as C$5.16. Americas Silver shares last traded at C$5.25, with a volume of 941,808 shares traded.

Wall Street Analysts Forecast Growth

USA has been the subject of several recent analyst reports. Desjardins set a C$16.00 price objective on shares of Americas Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets set a C$10.00 price objective on Americas Silver and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, TD decreased their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.57.

Americas Silver Stock Up 1.3%

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 has a market capitalization of C$1.80 billion, a PE ratio of -24.18 and a beta of 2.91. The business’s 50 day simple moving average is C$7.46 and its 200 day simple moving average is C$8.69.

Americas Silver (TSE:USA) last announced its earnings results on Thursday, May 14th. The company reported C$0.08 EPS for the quarter. Americas Silver had a negative net margin of 36.39% and a negative return on equity of 41.43%. The company had revenue of C$94.26 million during the quarter. As a group, analysts forecast 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.