Americas Gold and Silver (TSE:USA)
TSX:USA
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Americas Gold and Silver
(TSX:USA)
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Rating:43Neutral
Price Target:
C$6.50
▼(-27.46% Downside)
Action:Reiterated
Date:06/14/26
The score is held down primarily by persistent large losses and consistently negative free cash flow despite improving revenue and positive operating cash flow, which increases execution and funding risk. Technicals also lean bearish with the stock trading below major moving averages and negative MACD. Valuation remains constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Revenue Growth Momentum
A 36.8% TTM revenue rebound signals durable top-line momentum driven by production or sales recovery. Sustained revenue growth helps absorb fixed costs, supports higher utilization of assets, and creates room for margin recovery and reinvestment if maintained over coming quarters.
Negative Factors
Sustained Net Losses
Large recurring net losses mean the company is not yet translating revenue into profit, eroding retained earnings and constraining internal funding. Persistent losses increase reliance on external capital, raise execution risk for projects, and limit the firm's ability to deliver durable shareholder returns.
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Positive Factors
Negative Factors
Revenue Growth Momentum
A 36.8% TTM revenue rebound signals durable top-line momentum driven by production or sales recovery. Sustained revenue growth helps absorb fixed costs, supports higher utilization of assets, and creates room for margin recovery and reinvestment if maintained over coming quarters.
Read all positive factors
Americas Gold and Silver (USA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.24B
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)―
Beta (1Y)3.28
Revenue Growth58.08%
EPS Growth35.45%
CountryCA
Employees659
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.20
Shares Outstanding326,933,560
10 Day Avg. Volume1,637,674
30 Day Avg. Volume1,354,616
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)7.35
Price to Sales (P/S)13.81
P/FCF Ratio-22.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.96Price Target Upside55.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.2
Revenue Forecast (FY)C$271.25M
Americas Gold and Silver Business Overview & Revenue Model
Company Description
Americas Gold and Silver Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral properties in the Americas. The company explores for gold, silver, zinc, lead, and other by-products. The comp...
How the Company Makes Money
Americas Gold and Silver makes money primarily by producing and selling metals mined from its operations. Revenue is recognized from metal sales, typically based on quantities of payable metals delivered to customers and the applicable market-base...
Americas Gold and Silver Earnings Call Summary
Earnings Call Date:Mar 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The call emphasized a clear, tangible operational transformation: strong production growth (52% silver increase), record performance at Cosala, substantial resource expansion, mechanization and infrastructure upgrades at Galena, a large exploration program with high-grade discoveries, a strategic antimony JV and a completed $133M financing. These positives are balanced against meaningful near-term costs and investments (guidance of $90–$120M capex), planned outages that could affect cadence, limited immediate contribution from Crescent, and continued GAAP losses and negative adjusted EBITDA. Overall the tone is confident and growth-focused with manageable near-term execution risks.Positive Updates
Major Silver Production Increase
Attributable silver production rose 52% in 2025 to 2.65 million ounces, with consolidated silver equivalent production of ~3.4 million ounces. Management expects 2026 consolidated silver production of 3.2–3.6 million ounces (another ~30% increase over 2025 guidance midpoint).
Negative Updates
Reported Net Loss and Negative EBITDA
Net loss widened to $87 million ($0.33/share) in 2025 from $49 million ($0.46/share) in 2024. Adjusted earnings loss was $35 million ($0.13/share) vs $34 million prior year. Adjusted EBITDA was a loss of $4 million (worsened from a $1.5 million loss in 2024).
Read all updates
Q4-2025 Updates
Positive
Negative
Major Silver Production Increase
Attributable silver production rose 52% in 2025 to 2.65 million ounces, with consolidated silver equivalent production of ~3.4 million ounces. Management expects 2026 consolidated silver production of 3.2–3.6 million ounces (another ~30% increase over 2025 guidance midpoint).
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Company Guidance
Management guided 2026 consolidated silver production of 3.2–3.6 million ounces (roughly a ~30% step‑up vs 2025’s 2.65 Moz), with a split of ~2.2–2.6 Moz from Galena and ~1.2–1.4 Moz from Mexico; ASIC of $30–$35/oz sold; consolidated capital expenditures of $90–$120 million (including ~$60–$80M growth capex—a large portion to Crescent—and ~$30–$40M sustaining); exploration capital of $15–$20M (a ~64,000 m program, ~75% Idaho / ~25% Mexico with >10 drills); a shift to ~60–70% long‑hole stoping (vs ~30% underhand cut‑and‑fill); and operational milestones including #3 shaft Phase 2 hoisting capacity >100 t/hr (a 160% increase from 40 t/hr in 2024) on track for Q2 2026 and limited Crescent tonnes in 2026 with fuller contribution after secondary egress (targeted Q3).Americas Gold and Silver Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
56
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 161.35M | 117.93M | 100.19M | 95.16M | 85.02M | 45.05M |
| Gross Profit | 49.57M | 11.84M | -6.64M | -6.35M | -8.42M | -55.54M |
| EBITDA | -9.09M | -56.27M | -16.74M | -11.20M | -18.33M | -141.52M |
| Net Income | -58.71M | -87.45M | -44.95M | -34.96M | -43.10M | -157.67M |
Balance Sheet | ||||||
| Total Assets | 438.87M | 413.00M | 192.64M | 180.49M | 190.82M | 213.43M |
| Cash, Cash Equivalents and Short-Term Investments | 122.52M | 129.78M | 20.00M | 2.06M | 1.96M | 2.90M |
| Total Debt | 58.89M | 45.71M | 20.29M | 21.91M | 12.34M | 19.61M |
| Total Liabilities | 200.07M | 191.38M | 139.19M | 108.29M | 92.23M | 109.60M |
| Stockholders Equity | 238.80M | 221.62M | 53.45M | 53.42M | 81.23M | 93.07M |
Cash Flow | ||||||
| Free Cash Flow | -59.47M | -73.19M | -21.92M | -20.95M | -20.78M | -63.59M |
| Operating Cash Flow | 24.65M | -3.94M | -3.07M | -1.01M | -1.18M | -50.95M |
| Investing Cash Flow | -84.12M | -68.24M | -18.85M | -18.13M | -19.60M | -14.08M |
| Financing Cash Flow | 172.46M | 182.90M | 35.12M | 20.32M | 17.44M | 63.42M |
Americas Gold and Silver Technical Analysis
Negative
8.96
Price Trends
8.05
Negative
8.89
Negative
7.81
Negative
Market Momentum
-0.33
Positive
41.42
Neutral
14.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USA, the sentiment is Negative. The current price of 8.96 is above the 20-day moving average (MA) of 7.45, above the 50-day MA of 8.05, and above the 200-day MA of 7.81, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of 14.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:USA.
Americas Gold and Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | C$1.92B | 8.80 | 39.07% | 9.17% | 36.51% | 80.51% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$886.53M | -11.39 | -85.35% | ― | ― | -66.81% | |
45 Neutral | C$1.62B | -9.74 | -31.37% | ― | ― | -2891.88% | |
43 Neutral | C$2.24B | -30.64 | -41.36% | ― | 58.08% | 35.45% | |
43 Neutral | C$839.11M | -12.20 | -36.23% | ― | ― | -415.48% | |
42 Neutral | C$269.10M | -14.74 | -41.69% | ― | ― | -274.02% |
* Basic Materials Sector Average
TSE:USA
Americas Gold and Silver
6.85
4.10
149.09%
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TSE:GQC
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-14.63%
TSE:TLG
Troilus Gold Corp
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TSE:VZLA
Vizsla Silver
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15.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.