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

Key Points

• Americas Silver Corp reached a new 52-week high of C$5.13 in trading, closing at C$5.00 with a trading volume of 221,170 shares.
• Equities analysts have positive outlooks, with Desjardins setting a price target of C$6.00 and an average consensus target price of C$5.50.
• The company's market capitalization stands at C$1.39 billion and it has a high debt-to-equity ratio of 77.75, indicating significant leverage.

Americas Silver Corp (TSE:USA - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$5.13 and last traded at C$5.00, with a volume of 221170 shares trading hands. The stock had previously closed at C$4.85.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Desjardins set a C$6.00 price target on Americas Silver and gave the company a "buy" rating in a research note on Friday. Cormark boosted their price objective on Americas Silver from C$2.00 to C$5.00 in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Americas Silver has an average rating of "Buy" and a consensus target price of C$5.50.

Americas Silver Price Performance

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 stock has a market cap of C$1.39 billion, a PE ratio of -14.57 and a beta of 1.45. The company has a fifty day moving average of C$2.59 and a 200-day moving average of C$1.51.

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.

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.