Sierra Metals (TSE:SMT – Get Free Report) had its price objective raised by CIBC from C$0.85 to C$1.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the mining company’s stock. CIBC’s target price indicates a potential upside of 23.46% from the stock’s current price.
Sierra Metals Stock Performance
Shares of SMT stock traded down C$0.01 on Wednesday, reaching C$0.81. The stock had a trading volume of 25,300 shares, compared to its average volume of 149,761. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 76.77. The firm’s 50-day moving average is C$0.79 and its two-hundred day moving average is C$0.68. The firm has a market capitalization of C$169.86 million, a price-to-earnings ratio of -16.20 and a beta of 2.15. Sierra Metals has a 12 month low of C$0.34 and a 12 month high of C$1.00.
Sierra Metals (TSE:SMT – Get Free Report) last issued its earnings results on Monday, March 18th. The mining company reported C($0.05) earnings per share (EPS) for the quarter. Sierra Metals had a negative net margin of 8.42% and a negative return on equity of 5.81%. The firm had revenue of C$82.55 million during the quarter. On average, research analysts expect that Sierra Metals will post 0.1355372 EPS for the current fiscal year.
Insider Activity at Sierra Metals
Sierra Metals Company Profile
Sierra Metals Inc, together with its subsidiaries, focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company's flagship property is the 82% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.
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