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Americas Gold And Silver Corporation (TSE:USA)
:USA
RESEARCH TOOLSreports
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Americas Gold and Silver
(NYSE MKT:USA)
44Neutral
Positive Factors
Financial Performance
The company's financial performance benefited from higher realized silver pricing throughout the year.
Management and Operations
New management team starting to set their mark, with expectations to prioritize improving and further optimizing the production profile of the company.
Negative Factors
Equity Dilution
The target price for USAS has been decreased due to the equity raise from consolidating the Galena Complex, which has a short-term dilutive effect.
Revenue Decline
The fairly small decline in revenue was driven by a general decline in production and a 38% decrease in the production of silver ounces.
Americas Gold and Silver (USA) vs. S&P 500 (SPY)
Market Cap
C$469.87M
Dividend YieldN/A
Average Volume (3M)890.15K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth12.93%
EPS Growth-5.87%
CountryCA
Employees629
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.23
Shares Outstanding634,965,000
10 Day Avg. Volume943,070
30 Day Avg. Volume890,155
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.47
Price to Cash Flow (P/CF)-775.10
P/FCF Ratio112.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.39Price Target Upside87.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Americas Gold and Silver Business Overview & Revenue Model
Company DescriptionAmericas Gold and Silver Corporation is a publicly traded mining company headquartered in the United States, primarily engaged in the exploration, development, and production of precious metals, including gold and silver. The company operates multiple mines across North America, leveraging its expertise in efficient and sustainable mining practices to enhance its portfolio of assets. With a focus on growth and value creation, Americas Gold and Silver aims to increase its production capabilities and expand its resource base through strategic exploration and development projects.
How the Company Makes MoneyAmericas Gold and Silver Corporation generates revenue primarily through the extraction and sale of precious metals, such as gold and silver, from its mining operations. Key revenue streams include the sale of these metals in both raw and refined forms to various markets, including industrial, investment, and jewelry sectors. The company may also engage in hedging activities to manage price risks associated with metal commodities, thereby stabilizing its income. Strategic partnerships and joint ventures with other mining entities or financial institutions can also play a role in enhancing operational efficiencies and expanding market reach, contributing to the company's earnings.
Americas Gold and Silver Financial Statement Overview
Summary
The company has shown revenue growth but is struggling with profitability, with negative gross and net profit margins. The balance sheet indicates high leverage with a concerning debt-to-equity ratio, though some positivity is seen in operating cash flow improvements.Income Statement
The company's income statement shows continuous revenue growth with a 8.44% increase in TTM compared to the previous year. However, profitability remains a significant challenge, as evidenced by negative gross profit margins and net profit margins. The TTM gross profit margin is -4.48%, and the net profit margin stands at -44.61%, indicating substantial losses. This negative trend in profitability is a key concern.25
Negative
Balance Sheet
The balance sheet reveals a concerning debt-to-equity ratio of 0.78 in TTM, indicating a significant reliance on debt. The equity ratio has decreased over time to 19.24% in TTM, showing reduced financial stability. However, the company has maintained a positive cash position, which is a slight positive amidst high leverage.40
Negative
Cash Flow
Cash flows are under pressure with negative free cash flow in the TTM, but there is noticeable improvement in operating cash flow, which turned positive at $4.94 million in TTM. The free cash flow to net income ratio remains negative, reflecting ongoing cash burn relative to losses.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 97.12M | 89.56M | 85.02M | 44.80M | 27.88M | 58.41M | Gross Profit |
| -4.35M | -6.35M | -8.42M | -55.54M | -11.33M | -11.65M | EBIT |
| -13.66M | -1.38M | -26.51M | -82.62M | -31.21M | -24.56M | EBITDA |
| -15.40M | -11.20M | -18.33M | -66.82M | -22.84M | -17.15M | Net Income Common Stockholders |
| -43.31M | -34.96M | -45.19M | -160.58M | -30.07M | -34.24M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.46M | 2.06M | 1.96M | 2.90M | 4.71M | 20.00M | Total Assets |
| 127.16M | 180.49M | 190.82M | 213.43M | 284.82M | 231.00M | Total Debt |
| 14.08M | 21.91M | 12.34M | 19.61M | 27.88M | 15.54M | Net Debt |
| 10.62M | 19.85M | 10.38M | 16.71M | 23.17M | -4.46M | Total Liabilities |
| 42.96M | 108.29M | 92.23M | 109.60M | 103.65M | 91.99M | Stockholders Equity |
| 84.20M | 53.42M | 81.23M | 93.07M | 169.67M | 126.29M |
| Cash Flow | Free Cash Flow | ||||
| -12.71M | -20.95M | -20.78M | -63.59M | -30.49M | 339.00K | Operating Cash Flow |
| 4.94M | -1.01M | -1.18M | -50.95M | -18.92M | 14.14M | Investing Cash Flow |
| -16.71M | -18.13M | -19.60M | -14.08M | -70.50M | -22.14M | Financing Cash Flow |
| 18.04M | 20.32M | 17.44M | 63.42M | 73.97M | 24.38M |
Americas Gold and Silver Technical Analysis
Positive
0.74
Price Trends
0.74
Negative
0.68
Positive
0.55
Positive
Market Momentum
<0.01
Positive
42.53
Neutral
20.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USA, the sentiment is Positive. The current price of 0.74 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.74, and above the 200-day MA of 0.55, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.53 is Neutral, neither overbought nor oversold. The STOCH value of 20.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:USA.
Americas Gold and Silver Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $17.07B | 42.54 | 8.74% | 0.34% | 33.75% | 32.86% | |
77 Outperform | C$1.14B | 10.55 | 11.68% | 0.68% | 31.23% | 110.49% | |
66 Neutral | C$5.90B | ― | -18.54% | 4.33% | -0.18% | -2195.85% | |
54 Neutral | $2.15B | 20.15 | 14.17% | ― | ― | 61.66% | |
54 Neutral | $1.43B | ― | -7.23% | ― | 6.18% | -515.57% | |
47 Neutral | $2.49B | -2.97 | -22.82% | 3.51% | 4.13% | -28.53% | |
44 Neutral | C$469.87M | ― | -84.12% | ― | 12.93% | -5.87% |
* Basic Materials Sector Average
Performance Comparison
TSE:USA
Americas Gold and Silver
0.74
0.37
100.00%
TSE:AGI
Alamos Gold
40.59
20.04
97.49%
TSE:MAG
MAG Silver
20.82
4.58
28.18%
TSE:BTO
B2Gold
4.47
0.91
25.49%
TSE:SVM
Silvercorp Metals
5.25
0.20
3.90%
TSE:EDR
Endeavour Silver
5.46
1.77
47.97%
Americas Gold and Silver Earnings Call Summary
Earnings Call Date: Mar 27, 2025 | % Change Since: -3.90% | Next Earnings Date: May 19, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements in financing, operational improvements, and revenue growth. However, these were tempered by financial losses and challenges in cost management. The company's strategic initiatives and positive market response indicate a promising outlook.Highlights
Successful Financing and Reduced Liabilities
The company closed an oversubscribed $50 million subscription receipt financing and reduced liabilities by approximately $43 million.
Galena Complex Developments
Consolidated ownership of the Galena Complex, ordered new equipment, and implemented productivity improvements with a target to ramp up mining to 1,200 tonnes per day.
Cosalá Operations Performance
Cosalá delivered production of 2.4 million silver equivalent ounces at a cash cost of $11 per ounce. Production is expected to increase in 2025.
Revenue Growth
Revenue increased to $100.2 million, up 5% from the previous year, due to higher realized metal prices.
Institutional Ownership and Market Performance
Institutionalized over 50% of the shareholder register and shares have outperformed the silver group with an 85% return.
Lowlights
Net Loss for 2024
Reported a net loss of $48.9 million for 2024, primarily due to higher cost of sales, increased depletion and amortization, and higher exploration costs.
Adjusted Earnings and EBITDA Loss
Adjusted earnings for the year were a loss of $33.7 million and adjusted EBITDA was a loss of $1.5 million.
Company Guidance
In the fourth quarter and year-end 2024 conference call, Americas Gold and Silver provided several key metrics that outline their financial and operational progress. The company reported a 5% increase in revenue, reaching $100.2 million, attributed to higher realized metal prices, including silver averaging $28.13 per ounce. They achieved consolidated silver production of 1.7 million ounces, with a total of 3.7 million ounces of silver equivalent, which includes 31.5 million pounds of zinc and 15.8 million pounds of lead. Despite this, the company reported a net loss of $48.9 million for the year, primarily due to higher costs of sales and increased exploration expenses. However, they successfully reduced liabilities by approximately $43 million. Cash costs and all-in sustaining costs per silver ounce produced were $17.41 and $28.13 respectively. Looking forward, they anticipate increased production in 2025, particularly from the EC120 project at their Cosalá operations, which contributed $3.7 million to their 2024 revenue. The company is also finalizing a debt facility to further strengthen its balance sheet and enhance operational growth.Americas Gold and Silver Corporate Events
Business Operations and Strategy
Americas Gold and Silver Advances Galena Complex Operations
Positive
Feb 24, 2025
Americas Gold and Silver Corporation has made significant progress at its Galena Complex following a recent consolidation and recapitalization transaction. The company is undertaking a series of operational improvements, including upgrades to the #3 Shaft hoist, acquisition of new underground equipment, and metallurgical testing to optimize by-product recovery. Additionally, new drilling results have identified promising silver-copper veins, which could enhance production capabilities. These initiatives underscore the company’s commitment to operational efficiency and production growth, potentially strengthening its position in the mining industry.
Business Operations and Strategy
Americas Gold and Silver Advances Galena Complex Operations
Positive
Feb 24, 2025
Americas Gold and Silver Corporation has announced significant progress in optimizing its Galena Complex operations following a recent consolidation and recapitalization transaction. The company is addressing operational bottlenecks by upgrading hoisting capacity, acquiring new underground equipment, and conducting metallurgical tests to improve by-product recovery. Additionally, new drilling results have identified high-grade silver-copper veins, supporting continued mining and resource development, which could enhance the company’s production capabilities and market positioning.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.