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Americas Gold and Silver ( (TSE:USA) ) has provided an update.
Americas Gold and Silver Corporation has announced a strategic acquisition of Crescent Silver, LLC, which owns the Crescent Mine in Idaho, for approximately US$65 million. This acquisition is expected to enhance the company’s silver production capabilities, adding 1.4-1.6 million ounces of silver annually, and offers potential synergies with its existing Galena Complex. The Crescent Mine, located in a prolific mining area, is fully permitted and has significant exploration potential, which could further bolster Americas’ position in the silver market.
The most recent analyst rating on (TSE:USA) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Americas Gold and Silver stock, see the TSE:USA Stock Forecast page.
Spark’s Take on TSE:USA Stock
According to Spark, TipRanks’ AI Analyst, TSE:USA is a Neutral.
The overall stock score is primarily influenced by the company’s weak financial performance, characterized by persistent losses and negative cash flows. Technical analysis provides some positive momentum, but the valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:USA stock, click here.
More about Americas Gold and Silver
Americas Gold and Silver Corporation operates in the mining industry, focusing on the exploration and production of precious metals, primarily silver. The company is known for its operations in North America, particularly in regions with rich mineral deposits.
Average Trading Volume: 1,023,533
Technical Sentiment Signal: Buy
Current Market Cap: C$1.7B
Find detailed analytics on USA stock on TipRanks’ Stock Analysis page.