Americas Silver (TSE:USA) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Americas Silver Corp (TSE:USA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$8.20 and traded as high as C$8.36. Americas Silver shares last traded at C$7.59, with a volume of 1,471,373 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on USA shares. Desjardins set a C$16.00 price target on 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 target on shares of Americas Silver and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group set a C$17.00 price objective on shares of Americas Silver and gave the company a “buy” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, Americas Silver currently has an average rating of “Buy” and an average price target of C$11.67.

Americas Silver Stock Down 6.5%

The company has a market cap of C$2.56 billion, a P/E ratio of -34.50 and a beta of 2.70. The company’s 50-day moving average is C$8.20 and its two-hundred day moving average is C$8.82. The company has a debt-to-equity ratio of 24.66, a current ratio of 1.69 and a quick ratio of 0.19.

Americas Silver (TSE:USA) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share (EPS) for the quarter. Americas Silver had a negative return on equity of 41.43% and a negative net margin of 36.39%.The business had revenue of C$94.26 million for the quarter. As a group, equities analysts predict that Americas Silver Corp will post -0.08 earnings per share for the current fiscal 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.