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

Sierra Metals (TSE:SMT) had its price target boosted by equities research analysts at CIBC from C$0.85 to C$1.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the mining company’s stock. CIBC’s target price indicates a potential upside of 21.95% from the company’s previous close.

Sierra Metals Stock Up 1.2 %

Shares of TSE SMT opened at C$0.82 on Wednesday. The firm has a market cap of C$171.95 million, a price-to-earnings ratio of -16.40 and a beta of 2.15. Sierra Metals has a 52-week low of C$0.34 and a 52-week high of C$1.00. The company’s 50-day simple moving average is C$0.79 and its 200-day simple moving average is C$0.68. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 76.77.

Sierra Metals (TSE:SMT) last released its earnings results on Monday, March 18th. The mining company reported C($0.05) earnings per share 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 during the quarter. Equities analysts predict that Sierra Metals will post 0.1355372 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 94,630 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$0.64, for a total transaction of C$60,582.13. Insiders have sold 228,058 shares of company stock valued at $141,559 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

About Sierra Metals

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.