Sierra Metals (TSE:SMT) had its price objective decreased by Jefferies Financial Group from C$3.30 to C$2.50 in a research report report published on Wednesday, Price Targets.com reports. Jefferies Financial Group currently has a na rating on the mining company’s stock. 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, Q1 2022 earnings at $0.19 EPS, Q2 2022 earnings at $0.20 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, FY2024 earnings at $0.58 EPS and FY2025 earnings at $0.60 EPS.
Separately, CIBC reaffirmed an outperform rating and set a C$5.25 price objective on shares of Sierra Metals in a research report on Tuesday, August 17th.
SMT stock opened at C$2.35 on Wednesday. The company has a debt-to-equity ratio of 36.50, a current ratio of 1.69 and a quick ratio of 1.34. The company has a fifty day moving average price of C$3.01 and a two-hundred day moving average price of C$3.64. Sierra Metals has a one year low of C$1.84 and a one year high of C$4.92. The stock has a market cap of C$383.99 million and a price-to-earnings ratio of 8.42.
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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