Americas Silver (TSE:USA) Hits New 12-Month High - What's Next?

Key Points

• Americas Silver Corp has reached a new 52-week high, trading at C$5.77 with a last price of C$5.64 and a volume of 365,267 shares.
• Desjardins has set a price target of C$6.00 for the stock, while the consensus rating remains a "Buy" with an average price target of C$5.50.
• The company primarily focuses on the exploration and operation of mineral properties, including key interests in silver, lead, zinc, and copper within its Cosalá Operations in Mexico and the Galena Complex in Idaho.

Americas Silver Corp (TSE:USA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$5.77 and last traded at C$5.64, with a volume of 365267 shares changing hands. The stock had previously closed at C$5.54.

Analyst Upgrades and Downgrades

Several brokerages have commented on USA. Desjardins set a C$6.00 price target on Americas Silver and gave the stock a "buy" rating in a research note on Friday, September 26th. Cormark raised their price objective on Americas Silver from C$2.00 to C$5.00 in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$5.50.

Americas Silver Trading Up 2.0%

The business has a fifty day moving average price of C$2.98 and a 200-day moving average price of C$1.67. The company has a market cap of C$1.54 billion, a P/E ratio of -16.14 and a beta of 1.66. The company has a quick ratio of 0.19, a current ratio of 0.42 and a debt-to-equity ratio of 77.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.