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

Key Points

• Americas Silver Corp reached a new 52-week high on Tuesday, trading at C$3.90, and last at C$3.77 with a trading volume of 176,239 shares.
• Cormark analysts** upgraded their price target for the stock from C$2.00 to C$5.00, indicating a positive outlook for the company.
• Americas Silver has a market cap of C$1.02 billion and financial ratios indicating high debt levels with a debt-to-equity ratio of 77.75.

Americas Silver Corp (TSE:USA - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$3.90 and last traded at C$3.77, with a volume of 176239 shares changing hands. The stock had previously closed at C$3.70.

Analyst Upgrades and Downgrades

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

Americas Silver Price Performance

The firm has a 50-day simple moving average of C$1.73 and a 200-day simple moving average of C$1.15. The firm has a market cap of C$1.03 billion, a P/E ratio of -10.80 and a beta of 1.45. The company has a current ratio of 0.42, a quick ratio of 0.19 and a debt-to-equity ratio of 77.75.

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.