| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 24 | — | 17.8x | Bottom tier | |
Growth | 89 | 80.8% | 7.1% | Top tier | |
Quality | 41 | 7.2% | 4.5% | Around median | |
Safety | 57 | — | 2.6x | Around median | |
Capital Return | 48 | — | 2.12% | Around median | |
Momentum | 35 | 82.2% | 2.9% | Bottom tier | |
Sentiment | 83 | 5 | 3 | Top tier |
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Americas Gold and Silver Corporation operates silver and associated-metal mining operations in the United States and Mexico, with its production base centered on the Galena Complex in Idaho and the Cosalá mine in Mexico, including the EC120 zone. Revenue is generated from sales of silver and by-product metals, with copper credits helping reduce Cosalá's costs during Q2 FY2026. Consolidated silver production totaled approximately 665 thousand ounces, including approximately 337 thousand ounces from Cosalá, while silver-equivalent production exceeded 800 thousand ounces.
In Q2 FY2026, revenue increased 71% year over year to $46.3 million, driven primarily by an increase in the average realized silver price to $67 per ounce from $34 in the comparable quarter. The net loss narrowed to approximately $5 million, or $0.02 per share, from approximately $15 million, or $0.06 per share, while adjusted earnings before interest, taxes, depreciation, and amortization turned positive at approximately $12 million from a loss of $4.1 million. The net loss was equivalent to approximately 10.8% of revenue, while adjusted earnings before interest, taxes, depreciation, and amortization represented approximately 25.9% of revenue.
Revenue for the first half of FY2026 totaled approximately $114 million, up 126% from $50.5 million in the comparable period and at a level close to revenue for the entirety of FY2025, according to management. The company ended Q2 FY2026 with approximately $89 million in cash and cash equivalents and $49 million in working capital, after continuing to spend on its growth plan and settling obligations to Sprott Mining and Royal Gold. Nevertheless, the company remained unprofitable on an accounting basis, while average cost of sales was $32 per silver-equivalent ounce sold, cash cost was $25.68 per silver ounce sold, and all-in sustaining cost was $40.63 per ounce.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $9.25 and identical high and low targets at the same level, indicating that the available consensus data do not provide dispersion across multiple estimates. This target is below the 52-week range high of $10.5 and above its low of $2.6, while no positive price-to-earnings ratio is available due to the continuing net loss; therefore, the valuation is primarily tied to the company's ability to convert production growth and higher silver prices into sustainable earnings, while execution risks and metal-price volatility remain.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Americas Gold and Silver's revenue increased 71% year over year to $46.3 million after the average realized silver price reached $67 per ounce, compared with $34. The net loss narrowed to approximately $5 million from approximately $15 million, while adjusted earnings before interest, taxes, depreciation, and amortization shifted to a profit of approximately $12 million from a loss of $4.1 million. The 26% growth in Cosalá production, along with improved grades, recoveries, and copper credits, also supported operating performance.
Management reaffirmed production guidance of between 3.2 and 3.6 million ounces of silver for FY2026. Q2 production totaled approximately 665 thousand ounces of silver, while first-half production represented around 40% of the annual target, meaning approximately 60% depends on the second half. Management's confidence is based on completion of the second phase of the No. 3 shaft upgrade at Galena, improved grades at Cosalá, and the return to operation of the high-grade zone affected by the fire.
The No. 3 shaft upgrade increased sustainable hoisting capacity from approximately 42 tons per hour to 85 tons, with a peak of 105 tons per hour. The mine recorded days at 1,000 to 1,200 tons, added more than ten units of mobile equipment, and installed a fiber-optic system to support tracking, connectivity, and automation. The company is targeting an increase in long-hole mining to 30%–40% by the end of FY2026 and then to 50%–60% during FY2027, after completing 13 stopes using this method.
Cosalá produced approximately 337 thousand ounces of silver in Q2 FY2026, up 26% year over year, and the EC120 zone entered commercial production. Cash cost declined to $16.91 per ounce, supported by higher grades, copper credits, and an approximately 10% improvement in recovery rates. Hole SR568 also intersected 14 meters grading 600 grams per ton, compared with 110 grams in the resource model, and the results are located near existing infrastructure.
During Q2 FY2026, Americas Gold and Silver settled its remaining silver-delivery obligations to Sprott Mining and gold-delivery obligations to Royal Gold. The settlements removed more than $76 million of future obligations linked to metal prices and more than $28 million of annual debt service, in exchange for total ownership dilution of 3.3%. The company ended the quarter with approximately $89 million in cash and cash equivalents and $49 million in working capital, although the net result remained a loss of approximately $5 million.
Performance depends heavily on silver, as revenue growth coincided with an increase in the realized price to $67 per ounce from $34 in the comparable period. Guidance also requires approximately 60% of annual production to be delivered in the second half, alongside waste-rock development, completion of the paste-backfill plant, and shaft relining at Galena. All-in sustaining cost was $40.63 per ounce in Q2 FY2026, while the company remains unprofitable and has no positive price-to-earnings ratio.
