Sierra Metals (TSE:SMT) Shares Cross Above 50-Day Moving Average of $0.25

Sierra Metals Inc. (TSE:SMT – Get Rating)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.25 and traded as high as C$0.44. Sierra Metals shares last traded at C$0.42, with a volume of 49,754 shares changing hands.

Analyst Ratings Changes

Separately, CIBC lowered their target price on Sierra Metals from C$1.50 to C$1.25 in a research note on Thursday, October 13th.

Sierra Metals Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.35 and a debt-to-equity ratio of 60.61. The business has a fifty day moving average price of C$0.25 and a 200-day moving average price of C$0.52. The stock has a market capitalization of C$68.84 million and a PE ratio of -1.72.

Sierra Metals (TSE:SMT – Get Rating) last released its quarterly earnings results on Monday, November 14th. The mining company reported C($0.09) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.14). The firm had revenue of C$50.61 million during the quarter, compared to analysts’ expectations of C$87.67 million. Research analysts expect that Sierra Metals Inc. will post 0.23 EPS for the current fiscal year.

About Sierra Metals

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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.