Sierra Metals Inc. (TSE:SMT – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.81 and traded as low as C$0.71. Sierra Metals shares last traded at C$0.73, with a volume of 128,550 shares trading hands.
Analyst Upgrades and Downgrades
Separately, CIBC raised their price target on Sierra Metals from C$1.00 to C$1.10 and gave the company a “neutral” rating in a research note on Tuesday, May 14th.
Check Out Our Latest Stock Analysis on Sierra Metals
Sierra Metals Price Performance
The company has a debt-to-equity ratio of 83.36, a current ratio of 0.98 and a quick ratio of 0.35. The company’s 50 day simple moving average is C$0.78 and its 200 day simple moving average is C$0.81. The company has a market capitalization of C$153.96 million, a PE ratio of -9.13 and a beta of 2.12.
Insider Buying and Selling
In other Sierra Metals news, Director J. Alberto Arias sold 141,945 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$0.58, for a total value of C$82,867.49. Insiders have sold 481,667 shares of company stock worth $280,326 in the last ninety days. 2.85% of the stock is owned by corporate insiders.
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.
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