Americas Silver (TSE:USA) Shares Pass Below 50 Day Moving Average – Time to Sell?

Americas Silver Corp (TSE:USA)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.69 and traded as low as C$5.82. Americas Silver shares last traded at C$6.17, with a volume of 2,428,737 shares traded.

Analysts Set New Price Targets

USA has been the topic of several recent research reports. Desjardins set a C$16.00 target price on shares of Americas Silver and gave the company a “buy” rating in a report on Thursday, April 23rd. TD decreased their target price on Americas Silver from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$11.57.

Americas Silver Stock Down 3.0%

The company has a market capitalization of C$2.21 billion, a PE ratio of -29.77 and a beta of 2.87. The company has a debt-to-equity ratio of 24.66, a quick ratio of 0.19 and a current ratio of 1.69. The company’s 50-day moving average is C$6.63 and its 200 day moving average is C$8.50.

Americas Silver (TSE:USA) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.08 earnings per share 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 anticipate 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.