CIBC Lowers Sierra Metals (TSE:SMT) Price Target to C$1.90

Sierra Metals (TSE:SMT – Get Rating) had its price objective dropped by CIBC from C$2.25 to C$1.90 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the mining company’s stock. CIBC’s target price indicates a potential upside of 46.15% from the company’s previous close.

A number of other analysts also recently issued reports on SMT. Noble Financial reaffirmed a “buy” rating and set a C$2.75 price objective on shares of Sierra Metals in a report on Friday, March 18th. Jefferies Financial Group upped their price objective on Sierra Metals from C$1.80 to C$2.15 in a report on Wednesday, March 9th. Finally, HC Wainwright reiterated a “buy” rating and set a C$3.50 price objective on shares of Sierra Metals in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$3.11.

TSE SMT traded down C$0.05 during trading on Wednesday, reaching C$1.30. The company’s stock had a trading volume of 78,686 shares, compared to its average volume of 90,177. The firm has a fifty day moving average of C$1.68 and a 200 day moving average of C$1.88. Sierra Metals has a one year low of C$1.30 and a one year high of C$4.83. The stock has a market capitalization of C$212.42 million and a PE ratio of -6.07. The company has a debt-to-equity ratio of 40.78, a current ratio of 1.20 and a quick ratio of 0.87.

Sierra Metals (TSE:SMT – Get Rating) last posted its quarterly earnings data on Wednesday, March 16th. The mining company reported C$0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.02. The company had revenue of C$78.47 million during the quarter, compared to the consensus estimate of C$85.93 million. Research analysts expect that Sierra Metals will post 0.5 earnings per share for the current fiscal year.

Sierra Metals Company Profile (Get Rating)

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 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.

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