Americas Silver (TSE:USA) Share Price Passes Below 50 Day Moving Average of $0.32

Americas Silver Corp (TSE:USAGet Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.32 and traded as low as C$0.30. Americas Silver shares last traded at C$0.30, with a volume of 16,680 shares changing hands.

Wall Street Analysts Forecast Growth

USA has been the subject of a number of recent analyst reports. Desjardins cut their price objective on shares of Americas Silver from C$0.60 to C$0.50 and set a “hold” rating for the company in a report on Wednesday, November 1st. Stifel Canada lowered Americas Silver from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, Stifel Nicolaus cut shares of Americas Silver from a “hold” rating to a “sell” rating and dropped their price target for the company from C$0.60 to C$0.25 in a research note on Thursday, November 16th.

Get Our Latest Research Report on Americas Silver

Americas Silver Stock Down 4.0 %

The company has a market cap of C$64.58 million, a PE ratio of -1.29 and a beta of 1.50. The business has a fifty day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.41. The company has a current ratio of 0.43, a quick ratio of 0.19 and a debt-to-equity ratio of 23.51.

Americas Silver (TSE:USAGet Free Report) last issued its earnings results on Tuesday, November 14th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Americas Silver had a negative return on equity of 41.38% and a negative net margin of 42.97%. The company had revenue of C$24.49 million for the quarter, compared to analyst estimates of C$27.94 million. As a group, equities research analysts predict that Americas Silver Corp will post -0.08 earnings per share for the current year.

About Americas Silver

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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.

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