Sierra Metals (TSE:SMT) PT Raised to C$1.00

Sierra Metals (TSE:SMT) had its price objective lifted by CIBC from C$0.85 to C$1.00 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a neutral rating on the mining company’s stock.

Sierra Metals Stock Down 1.2 %

Shares of TSE SMT opened at C$0.81 on Wednesday. The firm’s 50-day simple moving average is C$0.79 and its 200 day simple moving average is C$0.68. The company has a market cap of C$169.86 million, a price-to-earnings ratio of -16.20 and a beta of 2.15. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 76.77. Sierra Metals has a 12-month low of C$0.34 and a 12-month high of C$1.00.

Sierra Metals (TSE:SMT) last announced its quarterly earnings results on Monday, March 18th. The mining company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$82.55 million during the quarter. Sierra Metals had a negative net margin of 8.42% and a negative return on equity of 5.81%. On average, research analysts expect that Sierra Metals will post 0.1355372 earnings per share for the current fiscal year.

Insider Activity

In other news, Director J. Alberto Arias sold 95,576 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$0.62, for a total value of C$58,951.28. In the last 90 days, insiders sold 228,058 shares of company stock valued at $141,559. 2.20% of the stock is owned by insiders.

About Sierra Metals

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.