Cormark Brokers Raise Earnings Estimates for Americas Silver Corp (TSE:USA)

Americas Silver Corp (TSE:USA) – Analysts at Cormark raised their Q1 2024 earnings estimates for Americas Silver in a report released on Monday, May 6th. Cormark analyst R. Gray now anticipates that the company will earn ($0.01) per share for the quarter, up from their prior forecast of ($0.05). The consensus estimate for Americas Silver’s current full-year earnings is ($0.08) per share. Cormark also issued estimates for Americas Silver’s Q2 2024 earnings at ($0.01) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.04) EPS.

Americas Silver Stock Down 1.4 %

Americas Silver stock opened at C$0.36 on Thursday. The business’s 50-day moving average price is C$0.33 and its 200 day moving average price is C$0.33. The company has a quick ratio of 0.19, a current ratio of 0.43 and a debt-to-equity ratio of 23.51. The firm has a market cap of C$77.06 million, a price-to-earnings ratio of -1.54 and a beta of 1.51. Americas Silver has a 52 week low of C$0.28 and a 52 week high of C$0.74.

Americas Silver (TSE:USA) last announced its quarterly earnings results on Thursday, March 28th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). The company had revenue of C$34.04 million for the quarter. Americas Silver had a negative return on equity of 41.38% and a negative net margin of 42.97%.

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.