Cormark's Insight on Americas Silver FY2024 Earnings

Analysts at Cormark have shared their predictions regarding the earnings of Americas Silver Corp (TSE:USA) for the fiscal year 2024. In a report published on January 23rd, analyst N. Dion anticipates that the company will experience earnings per share (EPS) of ($0.10) for the year. Furthermore, Cormark maintains a “Moderate Buy” rating on the stock. Currently, the consensus estimate for Americas Silver’s full-year earnings is slightly better at ($0.08) per share. The analysis continues with projections for the company’s earnings in the subsequent fiscal years, predicting a loss of ($0.03) EPS for FY2025 and a break-even EPS of $0.00 for FY2026.

Performance of Americas Silver Stock

As of Monday, Americas Silver's shares opened at C$0.71. The company has a market valuation of C$187.24 million, and its price-to-earnings (PE) ratio stands at -3.23 with a beta of 1.56. Financial ratios show a debt-to-equity ratio of 33.81, a current ratio of 0.44, and a quick ratio of 0.19, indicating some level of financial vulnerability. Over the last fifty days, the stock's moving average has been C$0.59, while the two-hundred day moving average rests at C$0.49. Over the past year, the stock has fluctuated between a low of C$0.28 and a high of C$0.77.

Recent Earnings Report

In its most recent quarterly earnings announcement on November 7th, Americas Silver reported an earnings loss of C($0.07) per share for that quarter. The company exhibited a concerning financial performance, characterized by a negative net margin of 45.63% and a return on equity of -55.44%, which indicates significant ongoing challenges.

About Americas Silver Corporation

Americas Silver Corp is a mining company focused on the acquisition, evaluation, exploration, development, and operation of mineral assets. The company is primarily engaged in exploring for silver, lead, zinc, and copper. Its principal assets include 100% ownership in the Cosalá Operations, which comprises 67 mining concessions covering approximately 19,385 hectares in Sinaloa, Mexico. Additionally, it owns the Galena Complex, situated near Wallace in Idaho, United States.

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