Jefferies Financial Group Brokers Cut Earnings Estimates for Sierra Metals Inc. (TSE:SMT)

Sierra Metals Inc. (TSE:SMTGet Rating) – Investment analysts at Jefferies Financial Group cut their Q4 2022 earnings per share (EPS) estimates for Sierra Metals in a research note issued on Monday, July 11th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for Sierra Metals’ current full-year earnings is $0.35 per share.

Sierra Metals (TSE:SMTGet Rating) last posted its earnings results on Wednesday, May 11th. The mining company reported C$0.05 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.01. The business had revenue of C$72.51 million for the quarter, compared to analysts’ expectations of C$83.26 million.

Several other research firms have also recently weighed in on SMT. Noble Financial restated a “buy” rating and set a C$2.75 target price on shares of Sierra Metals in a research note on Friday, May 13th. HC Wainwright restated a “buy” rating and set a C$3.50 target price on shares of Sierra Metals in a research note on Friday, May 13th. Finally, CIBC reduced their price objective on Sierra Metals from C$1.90 to C$1.75 and set a “neutral” rating for the company in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to, Sierra Metals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.90.

SMT stock opened at C$0.95 on Tuesday. The business has a 50 day moving average price of C$1.12 and a 200 day moving average price of C$1.44. The stock has a market cap of C$155.71 million and a price-to-earnings ratio of -3.89. Sierra Metals has a fifty-two week low of C$0.94 and a fifty-two week high of C$3.91. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 39.18.

Sierra Metals Company Profile (Get Rating)

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 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.

Further Reading

Earnings History and Estimates for Sierra Metals (TSE:SMT)

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