Sierra Metals (TSE:SMT) had its price objective decreased by equities research analysts at Jefferies Financial Group from C$2.00 to C$1.90 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential downside of 4.04% from the company’s current price.
TSE SMT traded up C$0.03 during mid-day trading on Tuesday, reaching C$1.98. 20,537 shares of the company’s stock traded hands, compared to its average volume of 23,407. The stock has a market capitalization of $318.33 million and a P/E ratio of 38.24. The firm’s fifty day simple moving average is C$1.79. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 33.84. Sierra Metals has a 1-year low of C$1.55 and a 1-year high of C$3.66.
Sierra Metals (TSE:SMT) last issued its earnings results on Monday, May 13th. The mining company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$64.56 million during the quarter, compared to the consensus estimate of C$75.61 million. Equities analysts expect that Sierra Metals will post 0.2 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.
Featured Article: Why do company’s buyback their stock?
Receive News & Ratings for Sierra Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Metals and related companies with MarketBeat.com's FREE daily email newsletter.