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

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

Sierra Metals Price Performance

Sierra Metals stock opened at C$0.67 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 83.36. Sierra Metals Inc. has a 1-year low of C$0.34 and a 1-year high of C$1.05. The company has a fifty day simple moving average of C$0.75 and a 200 day simple moving average of C$0.81. The company has a market cap of C$141.30 million, a P/E ratio of -8.38 and a beta of 2.12.

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

Wall Street Analyst Weigh In

Separately, CIBC raised 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.