CIBC Raises Sierra Metals (TSE:SMT) Price Target to C$1.00

Sierra Metals (TSE:SMT) had its target price boosted by CIBC from C$0.85 to C$1.00 in a report published on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the mining company’s stock.

Sierra Metals Price Performance

SMT stock opened at C$0.82 on Wednesday. The stock has a 50-day moving average price of C$0.79 and a two-hundred day moving average price of C$0.69. Sierra Metals has a 12-month low of C$0.34 and a 12-month high of C$1.00. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 76.77. The company has a market cap of C$171.95 million, a PE ratio of -16.40 and a beta of 2.15.

Sierra Metals (TSE:SMT) last posted its quarterly earnings results on Monday, March 18th. The mining company reported C($0.05) earnings per share (EPS) for the quarter. Sierra Metals had a negative net margin of 8.42% and a negative return on equity of 5.81%. The firm had revenue of C$82.55 million for the quarter. As a group, research analysts predict that Sierra Metals will post 0.1355372 EPS for the current year.

Insider Transactions at Sierra Metals

In other news, Director J. Alberto Arias sold 94,630 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$0.64, for a total value of C$60,582.13. Insiders sold 228,058 shares of company stock valued at $141,559 over the last quarter. Company 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.