Sierra Metals Inc. (TSE:SMT – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.48 and traded as low as C$0.43. Sierra Metals shares last traded at C$0.44, with a volume of 51,207 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, CIBC decreased their price objective on shares of Sierra Metals from C$1.50 to C$1.25 in a research note on Thursday, October 13th.
Get Sierra Metals alerts:Sierra Metals Trading Up 2.3 %
The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.35 and a current ratio of 0.58. The stock has a market capitalization of C$72.12 million and a P/E ratio of -1.80. The firm's fifty day simple moving average is C$0.30 and its 200 day simple moving average is C$0.48.
Sierra Metals (TSE:SMT – Get Rating) last issued its quarterly 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 firm had revenue of C$50.61 million for the quarter, compared to analysts' expectations of C$87.67 million. As a group, equities research analysts forecast that Sierra Metals Inc. will post 0.23 EPS 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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