Americas Gold and Silver Third Quarter 2023 Earnings: Misses Expectations

Americas Gold and Silver (TSE:USA) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$18.3m (flat on 3Q 2022).
• Net loss: US$8.89m (loss narrowed by 61% from 3Q 2022).
• US$0.041 loss per share (improved from US$0.12 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Americas Gold and Silver Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 96%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Americas Gold and Silver (1 is a bit concerning!) that you need to take into consideration.

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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.