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Friday, November 27, 2020

Sierra Metals Inc. (AMEX:SMTS) is Holding Steady

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Sierra Metals Inc. (SMTS) shares are trading at lower $1.97 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $2.75 and the low is $0.45. Over the last 52 weeks, SMTS is up 44.43% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SMTS reported a profit of $11.7 million. Sierra Metals Inc. also saw revenues increase to $41.9 million. In addition, SMTS has free cash flow of $0.22 million as of 06-2020. The company’s EBITDA came in at $13.73 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SMTS has a short ratio of 0.17 and outstanding shares of 162.81M.

Company Outlook

SMTS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.21 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.03. Sierra Metals Inc. SMTS also noted assets of $393.68 million at the end of the last quarter. Investors should also keep an eye on sector updates as SMTS has historically followed its peers on positive news.

All told, Sierra Metals Inc. SMTS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SMTS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sierra Metals Inc. SMTS is now commanding a market cap of 320.74M and a float of 75.71M. SMTS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SMTS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SMTS, either long or short, and we have not been compensated for this article.

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