Sierra Metals Inc. (TSE:SMT – Get Rating) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.28 and traded as high as C$0.53. Sierra Metals shares last traded at C$0.50, with a volume of 154,953 shares.
Analysts Set New Price Targets
Separately, CIBC cut their price target on shares of Sierra Metals from C$1.50 to C$1.25 in a report on Thursday, October 13th.
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The company has a quick ratio of 0.35, a current ratio of 0.58 and a debt-to-equity ratio of 60.61. The company has a market capitalization of C$81.13 million and a PE ratio of -2.03. The stock's fifty day simple moving average is C$0.28 and its 200-day simple moving average is C$0.50.
Sierra Metals (TSE:SMT – Get Rating) last issued its earnings results on Monday, November 14th. The mining company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.14). The business had revenue of C$50.61 million for the quarter, compared to the consensus estimate of C$87.67 million. On average, research analysts predict that Sierra Metals Inc. will post 0.23 earnings per share for the current fiscal year.About Sierra Metals
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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 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.
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