USAS Basic Materials

Americas Gold and Silver Corporation

$2.71-5.90%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Canada
Market cap: 916.4M USD
Enterprise value: 886.3M USD

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.28 vs a peer median of 0.69)higher risk: bigger price swings (beta 2.28 vs peers 0.69)

Ranks #1,034 of 1,217 basic materials companies (bottom 16%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 10% of revenue in 2025.
Americas Gold and Silver paid employees $12M in stock in 2025, 10% of its $118M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Investment surge. Capital spending 59% of revenue, up from 23% in 2022.
Americas Gold and Silver is spending 59% of revenue on facilities and equipment, up from 23% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Americas Gold and Silver reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

29/ 100▲ 1 since Oct 27 close

Oct 5 28 → Nov 4 29 (+1)

Valuation

Is the price right?

26/100

Weak▲ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 23 → 26

Share price -15.0%+2
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-10.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield5.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.62Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-8.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield25.5%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

66/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 12.5%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.09Sector median: 0.0941 · MAD: 0.3300

3-year revenue growth11.5%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 1.60Sector median: -0.0005 · MAD: 0.0725

Revenue growth17.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.51Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Net margin fell 15.7 points to -74.1%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-22.0%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.60Sector median: 0.0757 · MAD: 0.0617

Return on assets-21.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital5.9%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.14Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin28.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-39.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.28

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.96Sector median: 0.6950 · MAD: 0.2810

Current ratio1.78×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.03Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.20×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.54Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Americas Gold and Silver

Is Americas Gold and Silver getting weaker?: Its latest SEC filing (Apr 2, 2026) got weaker in some ways: net margin fell 15.7 points to -74.1%. Its overall score is 29/100, up 1 since Oct 28, 2026.
How is Americas Gold and Silver valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 26/100 against 1,371 basic materials peers. Earnings yield -10.1% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -10.1% vs peers 3.6% (weaker than 100% of peers).
Is Americas Gold and Silver growing?: Yes, faster than most of its peers. Growth scores 66/100 against 1,371 basic materials peers. 3-year revenue growth 11.5% vs a peer median of -0.0% (stronger than 82% of peers).3-year revenue growth 11.5% vs peers -0.0% (stronger than 82% of peers).
How profitable is Americas Gold and Silver?: Less profitable than most of its peers. Profitability scores 6/100 against 1,371 basic materials peers. Operating margin -22.0% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -22.0% vs peers 7.6% (weaker than 100% of peers).
How risky is Americas Gold and Silver?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.20× vs a peer median of 0.36× (stronger than 64% of peers).Debt / equity 0.20× vs peers 0.36× (stronger than 64% of peers). Beta 2.28 vs a peer median of 0.69 (weaker than 100% of peers).Beta 2.28 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Dec 31, 2025 · filed Apr 2, 2026 · compared with the quarter ended Sep 30, 2025

Got weaker

Net margin fell 15.7 points to -74.1%

Worth watching: Americas Gold and Silver is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	104.9M USD	117.9M USD	+12.5%
Net income (12 months)	−61.3M USD	−87.4M USD	+42.7%
Free cash flow (12 months)	−21.7M USD	−73.2M USD	+237.6%
Cash	39.1M USD	129.8M USD	+231.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	-88.2%	15.2%	—	17.4%	28.0%	▲ 11 pts
Net margin	-350.0%	-50.7%	-36.7%	-45.0%	-74.1%	▼ 29 pts
Return on assets (ROA)	-73.9%	-22.6%	-19.4%	-23.4%	-21.2%	▲ 2.2 pts
Return on equity (ROE)	-169.4%	-53.1%	-65.4%	-72.5%	-39.5%	▲ 33 pts
Free cash flow margin	-141.2%	-24.4%	19.9%	-21.9%	-62.1%	▼ 40 pts
Current ratio	0.52×	0.60×	0.38×	0.59×	1.78×	▲ 200%
Quick ratio	0.30×	0.39×	0.23×	0.44×	1.66×	▲ 279%
Debt to equity	0.02×	0.00×	0.04×	0.03×	0.00×	▼ 100%

USAS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.28 vs a peer median of 0.69)higher risk: bigger price swings (beta 2.28 vs peers 0.69)

Ranks #1,034 of 1,217 basic materials companies (bottom 16%)

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 10% of revenue in 2025.

Americas Gold and Silver paid employees $12M in stock in 2025, 10% of its $118M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Investment surge. Capital spending 59% of revenue, up from 23% in 2022.

Americas Gold and Silver is spending 59% of revenue on facilities and equipment, up from 23% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Americas Gold and Silver reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Americas Gold and Silver

Is Americas Gold and Silver getting weaker?

Its latest SEC filing (Apr 2, 2026) got weaker in some ways: net margin fell 15.7 points to -74.1%. Its overall score is 29/100, up 1 since Oct 28, 2026.

How is Americas Gold and Silver valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 26/100 against 1,371 basic materials peers. Earnings yield -10.1% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -10.1% vs peers 3.6% (weaker than 100% of peers).

Is Americas Gold and Silver growing?

Yes, faster than most of its peers. Growth scores 66/100 against 1,371 basic materials peers. 3-year revenue growth 11.5% vs a peer median of -0.0% (stronger than 82% of peers).3-year revenue growth 11.5% vs peers -0.0% (stronger than 82% of peers).

How profitable is Americas Gold and Silver?

Less profitable than most of its peers. Profitability scores 6/100 against 1,371 basic materials peers. Operating margin -22.0% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -22.0% vs peers 7.6% (weaker than 100% of peers).

How risky is Americas Gold and Silver?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.20× vs a peer median of 0.36× (stronger than 64% of peers).Debt / equity 0.20× vs peers 0.36× (stronger than 64% of peers). Beta 2.28 vs a peer median of 0.69 (weaker than 100% of peers).Beta 2.28 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

104.9M USD

117.9M USD

+12.5%

Net income (12 months)

−61.3M USD

−87.4M USD

+42.7%

Free cash flow (12 months)

−21.7M USD

−73.2M USD

+237.6%

Cash

39.1M USD

129.8M USD

+231.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

-88.2%

15.2%

—

17.4%

28.0%

▲ 11 pts

Net margin

-350.0%

-50.7%

-36.7%

-45.0%

-74.1%

▼ 29 pts

Return on assets (ROA)

-73.9%

-22.6%

-19.4%

-23.4%

-21.2%

▲ 2.2 pts

Return on equity (ROE)

-169.4%

-53.1%

-65.4%

-72.5%

-39.5%

▲ 33 pts

Free cash flow margin

-141.2%

-24.4%

19.9%

-21.9%

-62.1%

▼ 40 pts

Current ratio

0.52×

0.60×

0.38×

0.59×

1.78×

▲ 200%

Quick ratio

0.30×

0.39×

0.23×

0.44×

1.66×

▲ 279%

Debt to equity

0.02×

0.00×

0.04×

0.03×

0.00×

▼ 100%