Sierra Metals Inc. (TSE:SMT) Director Ernesto Balarezo Acquires 15,000 Shares

Sierra Metals Inc. (TSE:SMT - Get Free Report) Director Ernesto Balarezo bought 15,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of C$0.68 per share, with a total value of C$10,125.00.

Sierra Metals Stock Performance

TSE:SMT traded down C$0.03 during trading hours on Thursday, reaching C$0.67. 24,558 shares of the company's stock were exchanged, compared to its average volume of 135,383. Sierra Metals Inc. has a 1-year low of C$0.34 and a 1-year high of C$1.05. The firm has a market capitalization of C$141.30 million, a price-to-earnings ratio of -8.75 and a beta of 2.12. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 83.36. The company has a 50-day moving average of C$0.75 and a 200 day moving average of C$0.81.

Sierra Metals (TSE:SMT - Get Free Report) last released its earnings results on Friday, August 9th. The mining company reported C$0.03 EPS for the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. The company had revenue of C$78.71 million during the quarter. Research analysts anticipate that Sierra Metals Inc. will post 0.1093248 EPS for the current year.

Wall Street Analyst Weigh In

Separately, CIBC increased their price target on shares of Sierra Metals from C$1.00 to C$1.10 and gave the stock a "neutral" rating in a research note 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.