Americas Gold and Silver (NYSEAMERICAN:USAS) Reaches New 12-Month Low After Earnings Miss

Key Points

• Americas Gold and Silver shares fell to a new 52-week low of $2.61 after the company reported a quarterly loss of $0.02 per share, missing the $0.02 profit analysts expected. Revenue of $59 million also came in below the $63.45 million consensus.
• Analyst views are mixed, but the stock carries a Moderate Buy consensus rating and a $9.25 average target price; six analysts rate it Buy and one rates it Sell.
• The company reported a negative net margin of 26.67%. Institutional investors own 13.38% of its shares, with some recently adding to or initiating positions.

Americas Gold and Silver Corporation (NYSEAMERICAN:USAS - Get Free Report) reached a new 52-week low on Friday following a dissappointing earnings announcement. The company traded as low as $2.61 and last traded at $2.6860, with a volume of 704,118 shares trading hands. The stock had previously closed at $2.79.

The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $59.00 million for the quarter, compared to analysts' expectations of $63.45 million. Americas Gold and Silver had a positive return on equity of 3.59% and a negative net margin of 26.67%.

Analyst Ratings Changes

Several research firms have issued reports on USAS. National Bank Financial began coverage on Americas Gold and Silver in a research report on Thursday, October 8th. They set an "outperform" rating on the stock. Zacks Research cut Americas Gold and Silver from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. HC Wainwright reissued a "buy" rating and issued a $9.25 target price on shares of Americas Gold and Silver in a report on Tuesday, October 20th. Finally, Stifel Nicolaus assumed coverage on shares of Americas Gold and Silver in a research report on Wednesday, October 14th. They set a "buy" rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in shares of Americas Gold and Silver during the third quarter worth $29,000. State of Wyoming acquired a new position in Americas Gold and Silver in the first quarter valued at $43,000. NewEdge Advisors LLC acquired a new position in Americas Gold and Silver in the first quarter valued at $46,000. Russell Investments Group Ltd. increased its stake in Americas Gold and Silver by 198.6% in the third quarter. Russell Investments Group Ltd. now owns 15,301 shares of the company's stock valued at $67,000 after purchasing an additional 10,177 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in Americas Gold and Silver during the third quarter worth about $46,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Gold and Silver Price Performance

The company has a 50-day moving average of $4.07 and a two-hundred day moving average of $5.50. The stock has a market capitalization of $883.20 million, a PE ratio of -13.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.41.

About Americas Gold and Silver

Americas Gold and Silver Corporation is a mining company focused on the exploration, development and production of precious and base metals. Its products include silver, lead, zinc, copper and gold. The company operates the Galena Complex in Idaho, where its mines produce silver and associated metals, and the Cosalá Operations in Sinaloa, Mexico, which include the San Rafael mine. Its activities span both the United States and Mexico. Americas Gold and Silver was formed in 2019 through the combination of Americas Silver Corporation and Pershing Gold Corporation.

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