Monday, April 1, 2019

Sierra Metals (SMTS)

What will drive expansion in 2019?

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. 

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.  

• Full year earnings modestly lower than expected.  Sierra Metals reported a fourth quarter loss of
  ($0.01) per share and full year earnings of $0.12 per share, compared to our
  respective per share estimates of $0.02 and $0.15.  The variance to our
  estimates was largely attributed to higher fourth quarter expenses, including
  taxes.  Fourth quarter and full year EBITDA were $15.3 million and $89.8
  million.
• Near-term expansions on the horizon.  Production capacity at Yauricocha is expected to
  increase from 3,150 tonnes per day to 3,600 tonnes per day in 2020, while
  capacity at Bolivar is expected to increase from 3,600 tonnes per day to 4,200
  tonnes per day by the fourth quarter of 2019.  Capacity at Cusi is
  expected to increase fro…
  

  
  
  
  
  

  Get full report on Channelchek desktop.

  
  
  

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.