Sierra Metals (TSE:SMT - Free Report) had its price target hoisted by CIBC from C$0.85 to C$1.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the mining company's stock.
Sierra Metals Price Performance
Shares of TSE SMT traded down C$0.01 during mid-day trading on Wednesday, reaching C$0.81. 25,300 shares of the company were exchanged, compared to its average volume of 149,761. Sierra Metals has a 52 week low of C$0.34 and a 52 week high of C$1.00. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 76.77. The stock has a market capitalization of C$169.86 million, a PE ratio of -16.20 and a beta of 2.15. The company's 50 day moving average price is C$0.79 and its 200 day moving average price is C$0.68.
Sierra Metals (TSE:SMT - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The mining company reported C($0.05) earnings per share (EPS) for the quarter. Sierra Metals had a negative return on equity of 5.81% and a negative net margin of 8.42%. The company had revenue of C$82.55 million for the quarter. Sell-side analysts forecast that Sierra Metals will post 0.1355372 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Sierra Metals news, Director J. Alberto Arias sold 95,576 shares of the business's stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$0.62, for a total value of C$58,951.28. Insiders sold 228,058 shares of company stock valued at $141,559 over the last three months. Insiders own 2.20% of the company's stock.
Sierra Metals Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Sierra Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sierra Metals wasn't on the list.
While Sierra Metals currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
