Sierra Metals (TSE:SMT) Price Target Increased to C$1.10 by Analysts at CIBC

Sierra Metals (TSE:SMT - Get Free Report) had its target price hoisted by CIBC from C$1.00 to C$1.10 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a "neutral" rating on the mining company's stock. CIBC's target price would indicate a potential upside of 18.28% from the stock's current price.

Sierra Metals Stock Up 12.0 %

Shares of Sierra Metals stock traded up C$0.10 on Tuesday, hitting C$0.93. 412,704 shares of the company's stock traded hands, compared to its average volume of 147,623. 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 cap of C$195.23 million, a P/E ratio of -18.60 and a beta of 2.14. The firm's 50-day moving average is C$0.80 and its 200 day moving average is C$0.74.

Sierra Metals (TSE:SMT - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The mining company reported C($0.05) EPS for the quarter. The company had revenue of C$82.55 million for the quarter. Sierra Metals had a negative net margin of 8.42% and a negative return on equity of 5.81%. Equities analysts anticipate that Sierra Metals will post 0.164271 earnings per share for the current year.

Insider Activity at Sierra Metals

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 transaction of C$58,951.28. In the last ninety days, insiders have sold 433,433 shares of company stock valued at $263,839. Corporate insiders own 2.20% of the company's stock.

Sierra Metals Company Profile

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.