Sierra Metals (SMT) Scheduled to Post Quarterly Earnings on Thursday

Sierra Metals (TSE:SMT – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

Sierra Metals (TSE:SMT – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The mining company reported C$0.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.01. The company had revenue of C$72.51 million during the quarter, compared to analysts’ expectations of C$83.26 million.

Sierra Metals Trading Up 3.8 %

Shares of Sierra Metals stock opened at C$0.81 on Thursday. The firm has a market capitalization of C$132.79 million and a PE ratio of -3.32. Sierra Metals has a twelve month low of C$0.73 and a twelve month high of C$3.91. The firm’s 50-day moving average price is C$1.02 and its 200 day moving average price is C$1.35. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 39.18.

Analyst Ratings Changes

A number of research analysts recently weighed in on SMT shares. CIBC decreased their price target on shares of Sierra Metals from C$1.90 to C$1.75 and set a “neutral” rating on the stock in a research note on Wednesday, May 4th. Noble Financial reaffirmed a “buy” rating and issued a C$2.50 price target on shares of Sierra Metals in a research note on Friday, July 29th. HC Wainwright reissued a “buy” rating and issued a C$3.50 target price on shares of Sierra Metals in a research note on Friday, May 13th. Finally, Jefferies Financial Group decreased their target price on shares of Sierra Metals from C$1.50 to C$1.25 in a research note on Friday, July 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.85.

About Sierra Metals

(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.