Sierra Metals downgraded by CIBC
$SMTS
CIBC downgraded Sierra Metals from Sector Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/26/2022 | $3.75 → $3.50 | Buy | HC Wainwright & Co. |
| 11/10/2021 | Sector Outperform → Neutral | CIBC | |
| 10/19/2021 | $4.00 → $3.75 | Buy | HC Wainwright & Co. |
| 8/11/2021 | $4.25 → $4.00 | Buy | HC Wainwright & Co. |
15-12G - Sierra Metals Inc. (0001705259) (Filer)
RW - Sierra Metals Inc. (0001705259) (Filer)
6-K - Sierra Metals Inc. (0001705259) (Filer)
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will host a conference call on Wednesday November 16th, 2022, at 8:00am EST to provide attendees the opportunity to ask questions with respect to the Company's financial results for Q3 2022. The Company held its Q3 2022 earnings call earlier today, but due to technical issues attendees were not able to ask questions. Details of the November 16th, 2022 conference call are as follows: Via phone: To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call. Canada dial-in number (Toll Free): 1 833 950 0062 Canada dial-in number (Local):
Conference Call Tuesday November 15, 2022 at 11:00 AM (EST) (All $ figures reported in USD) Revenue from metals payable of $38.8 million in Q3 2022, a 36% decrease from $60.7 million in Q3 2021 and a 22% decrease from the previous quarter, due to lower throughput at Yauricocha and slower ramp up at Bolivar as a result of a flooding event and operational restrictions due to limited ventilation in the Bolivar NorthWest zone. Adjusted EBITDA of $(3.9) million in Q3 2022, compared to $17.4 million in Q3 2021 and $1.4 million in Q2 2022. Net loss attributable to shareholders for Q3 2022 of $46.2 million, or $(0.28) per share (basic and diluted), compared to a net loss of $4.8 million, or
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management's Discussion and Analysis ("MD&A") for the third quarter of 2022 ("Q3 2022"). The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at: SMV -- Superintendencia del Mercado de Valores -- Información Financiera To search for the Company's financial statements, enter the following parameters in the empty fields: Empresa: Sociedad Minera Corona S.A. Periodo: 2022 and Trimestre III S
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") is pleased to announce that Oscar Cabrera has been appointed as Chair of the Board of Directors of the Company (the "Board"). Mr. Cabrera joined the Board in October 2021 and replaces Mr. Jose Vizquerra as Chair. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220613005789/en/Image 2: Train emerging from Yauricocha Tunnel loaded with ore (Photo: Business Wire) Additionally, the Board appointed Miguel Aramburu as its newest member. Mr. Aramburu has over 25 years of professional experience with 15 years dedicated to the mining sector, currently se
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") hereby announces the voting results from the Company's Annual General Meeting of Shareholders held on Friday, June 10, 2022 (the "AGM"). A total of 128,416,799 common shares were represented at the meeting, being 78.33% of the Company's issued and outstanding shares. Shareholders voted in favour of the re-appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year, and the election of management's nominees as directors. Detailed results of the votes on the election of directors are as follows: Director Votes For Votes Withheld Outcome of Vote Oscar Cabrera 62,316,296 (
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or ""Company") announces the appointment of Ms. Dawn Whittaker to its Board of Directors effective immediately. Ms. Whittaker is a legal professional with over 30 years of experience in corporate law. She has provided legal counsel in domestic and international mergers and acquisitions and corporate finance transactions, including take-overs, joint ventures and strategic alliances, and in commercial transactions, corporate governance, directors' and officers' liabilities and shareholder rights. She retired as a Senior Partner from Norton Rose Fulbright in June of 2018 where she served as the Canadian Head of the firm's mi
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will host a conference call on Wednesday November 16th, 2022, at 8:00am EST to provide attendees the opportunity to ask questions with respect to the Company's financial results for Q3 2022. The Company held its Q3 2022 earnings call earlier today, but due to technical issues attendees were not able to ask questions. Details of the November 16th, 2022 conference call are as follows: Via phone: To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call. Canada dial-in number (Toll Free): 1 833 950 0062 Canada dial-in number (Local):
Conference Call Tuesday November 15, 2022 at 11:00 AM (EST) (All $ figures reported in USD) Revenue from metals payable of $38.8 million in Q3 2022, a 36% decrease from $60.7 million in Q3 2021 and a 22% decrease from the previous quarter, due to lower throughput at Yauricocha and slower ramp up at Bolivar as a result of a flooding event and operational restrictions due to limited ventilation in the Bolivar NorthWest zone. Adjusted EBITDA of $(3.9) million in Q3 2022, compared to $17.4 million in Q3 2021 and $1.4 million in Q2 2022. Net loss attributable to shareholders for Q3 2022 of $46.2 million, or $(0.28) per share (basic and diluted), compared to a net loss of $4.8 million, or
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or the "Company") confirms that it has received further correspondence from Compania Minera Kolpa S.A. ("Kolpa") and Arias Resource Capital Management LP ("ARC") regarding their previously announced unsolicited, non-binding letter of intent. The Company has been diligently and expeditiously pursuing both short-term financing opportunities and the strategic review process announced in Sierra's press release dated October 18, 2022. As previously announced, CIBC Capital Markets has been engaged as financial advisor to review strategic options. Kolpa, ARC and other parties that have already expressed interest, among others, w
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) (“Sierra Metals” or the “Company”) confirms that it has received further correspondence from Compania Minera Kolpa S.A. (“Kolpa”) and Arias Resource Capital Management LP (“ARC”) regarding their previously announced unsolicited, non-binding letter of intent. The Company has been diligently and expeditiously pursuing both short-term financing opportunities and the strategic review process announced in Sierra’s press release dated October 18, 2022. As previously announced, CIBC Capital Markets has been engaged as financial advisor to review strategic options. Kolpa, ARC and other parties that have already expressed interest, among others, wi
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) (“Sierra Metals” or “the Company”) confirms that it received an unsolicited, non-binding letter of intent (the “LOI”) following the close of business on October 27, 2022 from Compañia Minera Kolpa S.A. (“Kolpa”), among others. The LOI outlines indicative terms for a proposed: (a) business combination of Kolpa and Sierra Metals; and (b) concurrent financing by an investment firm (collectively, the “Proposal”). The LOI was submitted by Kolpa with its shareholders Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P., among others. The LOI states that Arias Resource Capital Fund II L.P. and Arias Resource Capita
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HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $3.50 from $3.75 previously
CIBC downgraded Sierra Metals from Sector Outperform to Neutral
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $3.75 from $4.00 previously
SC 13G/A - Sierra Metals Inc. (0001705259) (Subject)
SC 13G/A - Sierra Metals Inc. (0001705259) (Subject)
SC 13G/A - Sierra Metals Inc. (0001705259) (Subject)