Ernesto Balarezo Buys 15,000 Shares of Sierra Metals Inc. (TSE:SMT) Stock

Sierra Metals Inc. (TSE:SMT) Director Ernesto Balarezo purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of C$0.68 per share, with a total value of C$10,125.00.

Sierra Metals Price Performance

Shares of SMT opened at C$0.67 on Friday. The stock has a 50 day simple moving average of C$0.75 and a 200 day simple moving average of C$0.81. Sierra Metals Inc. has a 52-week low of C$0.34 and a 52-week high of C$1.05. The company has a debt-to-equity ratio of 83.36, a quick ratio of 0.35 and a current ratio of 0.98. The firm has a market capitalization of C$141.30 million, a PE ratio of -8.38 and a beta of 2.12.

Sierra Metals (TSE:SMT) last announced its quarterly earnings results on Friday, August 9th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$78.71 million for the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. Sell-side analysts predict that Sierra Metals Inc. will post 0.1093248 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, CIBC lifted their target price on Sierra Metals from C$1.00 to C$1.10 and gave the stock a “neutral” rating in a report on Tuesday, May 14th.

Sierra Metals Company Profile

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.