Analysts Set Expectations for Sierra Metals Inc’s FY2019 Earnings (NYSEAMERICAN:SMTS)
Sierra Metals Inc (NYSEAMERICAN:SMTS) – Investment analysts at Jefferies Financial Group dropped their FY2019 EPS estimates for shares of Sierra Metals in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now expects that the company will earn $0.14 per share for the year, down from their previous estimate of $0.18. Jefferies Financial Group also issued estimates for Sierra Metals’ FY2020 earnings at $0.23 EPS, FY2021 earnings at $0.20 EPS and FY2022 earnings at $0.20 EPS.
A number of other equities research analysts have also recently issued reports on the stock. HC Wainwright restated a “buy” rating and set a $26.00 price target on shares of Iovance Biotherapeutics in a report on Monday, April 1st. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, June 5th. Finally, Noble Financial restated a “buy” rating and set a $3.75 price target on shares of Sierra Metals in a report on Thursday, April 18th.
Sierra Metals (NYSEAMERICAN:SMTS) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The company had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $56.63 million.
An institutional investor recently raised its position in Sierra Metals stock. Arias Resource Capital GP Ltd. lifted its stake in Sierra Metals Inc (NYSEAMERICAN:SMTS) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,008,027 shares of the company’s stock after buying an additional 322,469 shares during the period. Sierra Metals comprises 100.0% of Arias Resource Capital GP Ltd.’s portfolio, making the stock its biggest holding. Arias Resource Capital GP Ltd. owned approximately 52.07% of Sierra Metals worth $137,551,000 as of its most recent filing with the SEC.
Sierra Metals Company Profile
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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