Americas Gold and Silver Corporation (USAS) Fundamental Analysis: Bull vs. Bear Case

USAS

Americas Gold and Silver Corporation

Fundamental data last updated:September 4, 2026

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company profile

SECTOR

Basic Materials

industry

Industrial Materials

Exchange

AMEX

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

Americas Gold and Silver Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in North America. It explores for silver, lead, zinc, copper, and gold deposits. The company holds 100% interests in the Cosalá Operations consisting of 67 mining concessions that covers approximately 19,385 hectares located in the state of Sinaloa, Mexico; and the San Felipe development project in Sonora, Mexico. It also owns a 60% interest in the Galena Complex located in the northern Idaho Silver Valley, Idaho; and a 100% interest in the Relief Canyon mine located in the Pershing County, Nevada, the United States. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019. Americas Gold and Silver Corporation was incorporated in 1998 and is headquartered in Toronto, Canada.

VALUATION

P/E

-33.51

Market Cap ($M USD)

$1.62B

Forward P/E

21.64 PEG

0.08 PRICE TO SALES

10.03 PRICE TO BOOK

8.21 EV / EBITDA

-172.89

5-Year Average P/E

Free Cash Flow Yield

-3.67%

DCF Value

$-6.04

Graham Number

N/A

Price to FCF

-27.25

EV to FCF

-26.18

Earnings Yield

-2.98%

FCF Yield

-3.67%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.18

Next Year EPS Growth Estimate

$0.28

Next Year Revenue Growth Estimate

$900.58M

Return on Equity (ROE)

-41.36%

FREE CASH FLOW

Operating Margin

8.11%

Debt-to-Equity

0.21 Piotroski F-Score

4 Altman Z-Score

2.85 Return on Invested Capital (ROIC)

3.83%

Current Ratio

1.69 Quick Ratio

1.54 Net Debt to EBITDA

7.08 Interest Coverage

2.42 Gross Profit margin

30.74%

FCF PER SHARE

$-0.18

REVENUE PER SHARE

$0.50

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing USAS Americas Gold and Silver Corporation, as recent pricing indicated it was extended above its DCF value. With a Forward P/E of 20.72, the market anticipates a turnaround, yet the negative Earnings Yield of -4.93% suggests profitability challenges. The Altman Z-score of 3.15 indicates moderate financial safety, but the negative ROIC of -7.93% raises red flags about capital efficiency. Overall, the valuation appears stretched, especially with a Price/Book ratio of 7.99, hinting at potential overvaluation relative to its book value.

AI Exposure / Tech Reliance

In the realm of AI and tech adaptation, USAS, rooted in the Industrial Materials sector, faces a challenging landscape. The company's ability to integrate AI into mining operations could enhance efficiency, but its traditional industry may lag in rapid tech adoption. This positioning suggests a cautious approach to tech resilience.

The Bull Case

For the bullish investor, the Forward PEG ratio of 0.10 is a beacon of potential undervaluation, signaling growth at a reasonable price. Despite a negative FCF Yield, the company's Piotroski F-Score of 4 suggests some financial health improvements. The manageable Debt/Equity ratio of 0.21 and a Current Ratio of 1.78 indicate liquidity strength, providing a cushion for future growth. These metrics could appeal to investors seeking a turnaround story with potential upside.

The Bear Case

On the flip side, the bear case is compelling. The company struggles with a negative Operating Margin of -21.97% and a dismal Return on Equity of -91.20%, reflecting poor profitability and management inefficiency. The Price/Sales ratio of 15.03 is alarmingly high, suggesting the stock is priced for perfection without the earnings to back it up. Additionally, the negative EV to EBITDA ratio of -30.02 underscores severe operational challenges, making it a risky bet for cautious investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$9.75

Institutional Ownership %

1-Year Beta

2.06 Insider Buying % (6 Mo)

Distance to 52-Week High

73.27%

Distance to 52-Week Low

75.66%

EARNINGS SURPRISE %

97.35%

50-DAY SMA

$5.95

200-DAY SMA

$5.36

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.