Sierra Metals (TSE:SMT – Get Free Report) had its price objective increased by CIBC from C$0.85 to C$1.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the mining company’s stock. CIBC’s price target would indicate a potential upside of 21.95% from the stock’s previous close.
Sierra Metals Price Performance
Shares of TSE SMT opened at C$0.82 on Wednesday. The company’s fifty day moving average is C$0.79 and its two-hundred day moving average is C$0.68. The company has a debt-to-equity ratio of 76.77, a quick ratio of 0.35 and a current ratio of 0.44. The firm has a market capitalization of C$171.95 million, a P/E ratio of -16.40 and a beta of 2.15. Sierra Metals has a one year low of C$0.34 and a one year 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 for the quarter. The company had revenue of C$82.55 million for the quarter. Sierra Metals had a negative return on equity of 5.81% and a negative net margin of 8.42%. Analysts forecast that Sierra Metals will post 0.1355372 EPS for the current fiscal year.
Insider Buying and Selling 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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