Cormark's Predictions for Americas Silver FY2024 Earnings

Americas Silver Corp (TSE:USA – Free Report) has recently caught the attention of analysts at Cormark, who released their estimates for the company's earnings per share (EPS) for the 2024 financial year on Thursday, January 23rd. Cormark analyst N. Dion has projected that Americas Silver will report an EPS of ($0.10) for FY2024. Cormark has assigned a "Moderate Buy" rating to the stock, indicating a cautiously optimistic outlook.

The consensus estimate among analysts for Americas Silver's current full-year earnings stands at ($0.08) per share. Additionally, Cormark has provided earnings estimates for the subsequent years, with FY2025 expected to yield an EPS of ($0.03) and FY2026 anticipated to reach break-even with $0.00 EPS.

Stock Performance of Americas Silver

As of Monday, Americas Silver's stock was trading at C$0.71, reflecting a decrease of 5.3%. The company boasts a market capitalization of C$187.24 million. Notably, its price-to-earnings (PE) ratio is at -3.23, with a beta of 1.56, suggesting higher volatility compared to the market.

In terms of financial health, the company has a debt-to-equity ratio of 33.81, a current ratio of 0.44, and a quick ratio of 0.19, which may signal liquidity concerns. The stock has a fifty-day moving average of C$0.59 and a two-hundred-day moving average of C$0.49. Over the past year, Americas Silver's stock has fluctuated, recording a low of C$0.28 and a high of C$0.77.

Americas Silver released its quarterly earnings report on November 7th, during which it reported a loss, posting C($0.07) EPS for the quarter. The company has faced significant challenges, evident from its negative net margin of 45.63% and a negative return on equity of 55.44%.

About Americas Silver

Americas Gold and Silver Corporation is involved in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company primarily explores for silver, lead, zinc, and copper. It holds a 100% interest in the Cosalá Operations, which encompass 67 mining concessions over an area of approximately 19,385 hectares located in the state of Sinaloa, Mexico. Additionally, it manages the Galena Complex, situated near Wallace in the state of Idaho, USA.

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