Sierra Metals (TSE:SMT) Price Target Cut to C$2.00
Sierra Metals (TSE:SMT) had its target price cut by investment analysts at Jefferies Financial Group from C$2.10 to C$2.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 19.76% from the stock’s previous close. Jefferies Financial Group also issued estimates for Sierra Metals’ FY2019 earnings at $0.18 EPS, FY2020 earnings at $0.30 EPS, FY2021 earnings at $0.26 EPS and FY2022 earnings at $0.26 EPS.
TSE:SMT traded up C$0.07 during mid-day trading on Tuesday, reaching C$1.67. 6,214 shares of the stock were exchanged, compared to its average volume of 23,142. The business’s fifty day moving average price is C$1.75. The company has a market cap of $284.05 million and a price-to-earnings ratio of 32.65. Sierra Metals has a 1-year low of C$1.55 and a 1-year high of C$3.66. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 33.84.
Sierra Metals (TSE:SMT) last issued its quarterly earnings results on Monday, May 13th. The mining company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.04). The company had revenue of C$64.56 million during the quarter, compared to analysts’ expectations of C$75.61 million. As a group, research analysts expect that Sierra Metals will post 0.22 earnings per share for the current year.
Sierra Metals Inc engages in 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 holds 81.84% interest in the polymetallic Yauricocha Mine located in the Yauyos province in Peru.
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