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

On Thursday, shares of Americas Silver Corp (TSE:USA) hit a new 52-week high, reaching as much as C$0.85 before last trading at C$0.84. The trading volume for the day was 1,283,673 shares, with the stock having previously closed at C$0.83.

Americas Silver has seen an increase of 2.4% in its stock price recently.

Analysts Set New Price Targets

In related news, Cormark has upgraded Americas Silver's stock to a "moderate buy" rating as of January 23.

Overview of Americas Silver

The company's 50-day moving average is C$0.74, while the 200-day moving average stands at C$0.60. With a market capitalization of C$357.55 million, Americas Silver has a price-to-earnings ratio of -3.51 and a beta of 1.56. The company’s debt-to-equity ratio is 77.75, with a current ratio of 0.42 and a quick ratio of 0.19.

Americas Gold and Silver Corporation is engaged in acquiring, exploring, developing, and operating mineral properties. The company primarily focuses on silver, lead, zinc, and copper. It mainly owns a 100% interest in the Cosalá Operations, which includes 67 mining concessions across approximately 19,385 hectares in Sinaloa, Mexico, as well as the Galena Complex near Wallace, Idaho, in the United States.

Future Outlook

As the stock of Americas Silver has hit a 52-week high, investors are curious about what this means for the company moving forward. Despite the current excitement, experts suggest that potential investors should be aware of other opportunities in the market. Notably, some analysts have flagged that there are five other stocks they believe are better investment choices right now.

In summary, while Americas Silver has reached a new high, ongoing evaluations from analysts highlight the importance of comparing various investment options before making a decision.

Stocks, Market, Investment