Americas Gold and Silver entered today with a stock that had already risen sharply over the past month, up about 29%. However, the fresh earnings report shows that the real story is now on the income statement. Revenue over the last twelve months sits at about US$162.2m, while the company still reports a loss from continuing operations of about US$57.8m. The gap between strong top line figures and ongoing losses, combined with a price at CA$7.27, is what the market is now repricing in real time.

Is Americas Gold and Silver a genuine bargain after this sharp move, or is the stock simply expensive revenue without profits to support it? Compare the DCF gap, P/S premium and downside risks in the valuation analysis for Americas Gold and…