Sierra Metals (TSE:SMT) had its price objective reduced by analysts at Jefferies Financial Group from C$3.30 to C$2.50 in a research note issued to investors on Wednesday, Price Targets.com reports. The brokerage presently has a “na” rating on the mining company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 2.46% from the stock’s current price. Jefferies Financial Group also issued estimates for Sierra Metals’ Q3 2021 earnings at $0.12 EPS, Q4 2021 earnings at $0.10 EPS, FY2021 earnings at $0.32 EPS, Q3 2022 earnings at $0.20 EPS, Q4 2022 earnings at $0.20 EPS, FY2022 earnings at $0.81 EPS, FY2023 earnings at $0.90 EPS and FY2024 earnings at $0.58 EPS.
Separately, CIBC reaffirmed an “outperform” rating and issued a C$5.25 target price on shares of Sierra Metals in a report on Tuesday, August 17th.
Shares of SMT opened at C$2.44 on Wednesday. Sierra Metals has a 12-month low of C$1.84 and a 12-month high of C$4.92. The business has a 50-day simple moving average of C$3.03 and a two-hundred day simple moving average of C$3.64. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 36.50. The stock has a market cap of C$398.70 million and a PE ratio of 8.75.
Sierra Metals Inc 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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