A Look at Americas Gold and Silver (TSX:USA) Valuation After Early Galena Shaft Upgrade and Antimony Momentum

Americas Gold and Silver (TSX:USA) has wrapped up the Galena shaft upgrade two months ahead of schedule. This boosts its hoisting capacity and sets the stage for increased silver production. The move also underscores the company’s unique position as the only producing antimony mine in the U.S., at a time when government investment is flowing into domestic antimony supply chains.

See our latest analysis for Americas Gold and Silver.

With the Galena shaft upgrade completed ahead of schedule and production scaling up, investor sentiment around Americas Gold and Silver appears to be turning more positive. The stock’s 3.9% total shareholder return over the past year hints at steady progress, and with market momentum building behind both silver and domestic antimony supply, the company seems positioned for further gains.

If strategic moves like these have you interested in what else is gaining steam, it is a great time to discover fast growing stocks with high insider ownership

With expansion plans accelerating and new government investment promising to fuel further growth, is Americas Gold and Silver still trading at a discount, or has the market already factored in all the upside?

Most Popular Narrative: 54.9% Undervalued

With Americas Gold and Silver closing at CA$5.54, the narrative fair value estimate sits dramatically higher, projecting major upside potential if the outlined assumptions play out. This sets up a bullish argument of robust revenue and cash flow expansion driving a substantial rerating of the share price in the years ahead.

“Based on historical data and guidance: Cosalá Operations: 2024 production: approximately 1.1 million oz silver, 36 million lbs zinc, 14 million lbs lead (Q1 2025 results suggest similar output). EC120 project: Expected to add approximately 2 to 3 million oz silver annually by 2026, based on feasibility studies for similar projects.”

Read the complete narrative.

Curious how assumptions about surging production and new project ramps might justify such a high price target? This narrative hinges on a bold growth trajectory and aggressive metals market forecasts. Find out which key forecasts could swing the fair value even higher. Unlock the full story and see why the crowd thinks this stock’s rally may be just starting.

Result: Fair Value of CA$12.29 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, disruptions in project timelines or a reversal in silver prices could quickly shift sentiment and challenge these bullish projections for Americas Gold and Silver.

Find out about the key risks to this Americas Gold and Silver narrative.

Build Your Own Americas Gold and Silver Narrative

If you see things differently or want to test the facts for yourself, building a personalized view takes less than three minutes. Do it your way

A great starting point for your Americas Gold and Silver research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

Looking for more investment ideas?

Act now to uncover exciting investment opportunities most investors miss. Smart moves today could put you ahead of the pack in tomorrow’s market.

• Capitalize on breakout potential and see which companies are making waves among these 886 undervalued stocks based on cash flows based on real cash flow signals.
• Tap into transformative opportunities driving healthcare innovation by checking out these 32 healthcare AI stocks set to reshape medical technology and patient care.
• Upgrade your portfolio with high-yield stocks and zero in on these 19 dividend stocks with yields > 3% that consistently deliver more than 3% returns.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com