Jefferies Financial Group Cuts Sierra Metals (TSE:SMT) Price Target to C$1.90

Sierra Metals (TSE:SMT) had its price objective reduced by Jefferies Financial Group from C$2.00 to C$1.90 in a report issued on Tuesday, BayStreet.CA reports. Jefferies Financial Group also issued estimates for Sierra Metals’ FY2019 earnings at $0.16 EPS, FY2020 earnings at $0.22 EPS, FY2021 earnings at $0.25 EPS and FY2022 earnings at $0.25 EPS.

TSE:SMT opened at C$2.00 on Tuesday. The company has a market capitalization of $318.33 million and a PE ratio of 39.22. The firm has a fifty day moving average of C$1.81. Sierra Metals has a twelve month low of C$1.55 and a twelve month high of C$3.66. 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 (TSE:SMT) last released its quarterly earnings results on Monday, May 13th. The mining company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The company had revenue of C$64.56 million for the quarter, compared to analyst estimates of C$75.61 million. Analysts predict that Sierra Metals will post 0.2 earnings per share for the current fiscal year.

About Sierra Metals

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.

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