Americas Gold and Silver Q2 loss narrows on higher prices

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".

The average consensus recommendation for the diversified mining peer group is "buy". Wall Street's median 12-month price target for Americas Gold and Silver Corporation is C$12.50, about 77.1% above its August 13 closing price of C$7.06.

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago.

North America silver miner's Q2 revenue grew 71% year over year, but missed the sole analyst estimate.

Q2 net loss narrowed to $5 million, driven by higher revenue and a gain on contract liabilities. The company also settled $76 million in precious metals delivery obligations, strengthening its balance sheet.