Americas Silver (TSE:USA) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Americas Silver Corp (TSE:USA)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.57 and traded as high as C$6.29. Americas Silver shares last traded at C$6.23, with a volume of 1,995,360 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cormark upped their target price on Americas Silver from C$2.00 to C$5.00 in a research report on Thursday, August 28th. Desjardins set a C$6.00 price target on shares of Americas Silver and gave the company a “buy” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$5.50.

Americas Silver Trading Up 6.0%

The company has a quick ratio of 0.19, a current ratio of 0.42 and a debt-to-equity ratio of 77.75. The firm has a 50 day moving average price of C$5.57 and a 200 day moving average price of C$3.05. The stock has a market capitalization of C$1.70 billion, a PE ratio of -22.65 and a beta of 1.71.

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