Americas Gold and Silver Corporation (USAS) shares are trading at lower $3.09 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $5.33.
To add more color to this target, the company’s high over the last year is $3.90 and the low is $1.00. Over the last 52 weeks, USAS is down -20.77% while the S&P 500 is up 0.32%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, USAS reported a profit of $-2.57 million. Americas Gold and Silver Corporation also saw revenues decrease to $7.26 million. In addition, USAS has free cash flow of -$3.18 million as of 03-2020. The company’s EBITDA came in at -$6.91 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. USAS has a short ratio of 1.85 and outstanding shares of 105.03M.
USAS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.25 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.40. Americas Gold and Silver Corporation USAS also noted assets of $242.65 million at the end of the last quarter. Investors should also keep an eye on sector updates as USAS has historically followed its peers on positive news.
All told, Americas Gold and Silver Corporation USAS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, USAS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Americas Gold and Silver Corporation USAS is now commanding a market cap of 324.53M and a float of 84.40M. USAS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of USAS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in USAS, either long or short, and we have not been compensated for this article.