Insider Selling: Sierra Metals Inc. (TSE:SMT) Director Sells 46,369 Shares of Stock

Sierra Metals Inc. (TSE:SMT) Director J. Alberto Arias sold 46,369 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$0.61, for a total value of C$28,345.37.

J. Alberto Arias also recently made the following trade(s):

• On Friday, April 26th, J. Alberto Arias sold 15,141 shares of Sierra Metals stock. The shares were sold at an average price of C$0.60, for a total transaction of C$9,093.68.
• On Tuesday, April 23rd, J. Alberto Arias sold 114,976 shares of Sierra Metals stock. The shares were sold at an average price of C$0.59, for a total transaction of C$67,398.93.
• On Friday, April 19th, J. Alberto Arias sold 28,389 shares of Sierra Metals stock. The stock was sold at an average price of C$0.60, for a total transaction of C$17,127.08.
• On Friday, April 12th, J. Alberto Arias sold 95,576 shares of Sierra Metals stock. The shares were sold at an average price of C$0.62, for a total transaction of C$58,951.28.
• On Wednesday, March 27th, J. Alberto Arias sold 16,560 shares of Sierra Metals stock. The stock was sold at an average price of C$0.60, for a total value of C$10,002.24.
• On Tuesday, March 19th, J. Alberto Arias sold 21,292 shares of Sierra Metals stock. The shares were sold at an average price of C$0.56, for a total value of C$12,023.59.
• On Wednesday, February 21st, J. Alberto Arias sold 94,630 shares of Sierra Metals stock. The shares were sold at an average price of C$0.64, for a total value of C$60,582.13.

Sierra Metals Stock Performance

Shares of Sierra Metals stock opened at C$0.86 on Monday. The company has a debt-to-equity ratio of 76.77, a quick ratio of 0.35 and a current ratio of 0.44. Sierra Metals Inc. has a 1 year low of C$0.34 and a 1 year high of C$1.00. The firm’s 50-day simple moving average is C$0.80 and its 200-day simple moving average is C$0.72. The firm has a market cap of C$180.34 million, a PE ratio of -17.20 and a beta of 2.15.

Sierra Metals (TSE:SMT) last announced its quarterly earnings data on Monday, March 18th. The mining company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$82.55 million for the quarter. Sierra Metals had a negative net margin of 8.42% and a negative return on equity of 5.81%. Equities analysts forecast that Sierra Metals Inc. will post 0.1355372 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, CIBC lifted their price target on shares of Sierra Metals from C$0.85 to C$1.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th.

About Sierra Metals

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.