Americas Silver (TSE:USA) Reaches New 52-Week High - Here's Why

Key Points

• Americas Silver Corp shares reached a new 52-week high, trading at C$4.09, with a closing price of C$3.98 and a trading volume of 400,477 shares.
• Cormark (financial firm) increased its price target for the company from C$2.00 to C$5.00, indicating strong growth potential.
• The company has a market capitalization of C$1.10 billion and significant exploration interests, particularly in silver, lead, zinc, and copper in Mexico and Idaho.

Americas Silver Corp (TSE:USA - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as C$4.09 and last traded at C$3.98, with a volume of 400477 shares changing hands. The stock had previously closed at C$3.78.

Wall Street Analyst Weigh In

Separately, Cormark increased their price target on shares of Americas Silver from C$2.00 to C$5.00 in a research report on Thursday, August 28th.

Americas Silver Stock Up 2.4%

The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75. The firm has a market capitalization of C$1.06 billion, a P/E ratio of -11.17 and a beta of 1.45. The company's fifty day simple moving average is C$2.00 and its 200 day simple moving average is C$1.25.

Americas Silver Company Profile

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.