Americas Silver (TSE:USA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Americas Silver Corp (TSE:USAGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.52 and traded as high as C$8.07. Americas Silver shares last traded at C$7.54, with a volume of 1,402,588 shares trading hands.

Analyst Ratings Changes

Separately, TD cut their price objective on shares of Americas Silver from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.67.

Check Out Our Latest Analysis on Americas Silver

Americas Silver Price Performance

The firm has a market capitalization of C$2.55 billion, a P/E ratio of -41.89 and a beta of 2.87. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.62 and a quick ratio of 0.19. The stock’s fifty day simple moving average is C$6.52 and its 200 day simple moving average is C$8.13.

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. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019.

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