Home Equities Score Why Sierra Metals Inc (SMTS) stock went up in after-hours on Tuesday...

Why Sierra Metals Inc (SMTS) stock went up in after-hours on Tuesday April 20?

Sierra Metals Inc (SMTS) stock gained 13.12% in the after-hours session on Tuesday, April 20, 2021, after losing -2.76% to close normal Tuesday’s session at $2.82.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

SMTS shares have risen by 264.39% over the last 12 months, and they have moved down by -1.05% in the past week. Over the past three months, the stock has lost -22.10%, while over the past six months, it has added 77.36%.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Let’s try to find out the reason behind its turnaround on Tuesday.

First Quarter 2021 Production Results

On Friday, April 16, 2021, Sierra Metals announced the first quarter of 2021 production results.

The key highlights are

  • 1% increase in silver production from Q1 2020 and it reaches 0millionounces for Q1 2021.
  • 33% reduction in copper production and it remained 7.9 million pounds in Q1 2021.
  • 1% decrease in lead production from Q1 2020 and it remained 9.0 million pounds.
  • 11% less zinc production from Q1 2020 and it remained 24.1 million pounds.
  • 28% reduction in gold production from Q1 2020 and it remained 2,636 ounces.
  • an18% decrease in Copper equivalent production from Q1 2020 and it remained 25.5 million pounds.
  • Yauricocha Mine record quarterly throughput of 3,728 TPD.

.New High-Grade Oxide Zone

On April 13, 2021, Sierra Metals announced that the company has discovered high-grade oxide polymetallic ore in an area between the CachiCachi and Esperanza zones along the Yauricocha Fault and within current operations at the Yauricocha Mine.

In the Yauricochamine,  21 holes have been completed and the company have captured oxide mineralization containing high-grade gold, silver, copper, zinc, and lead zones which indicate the continued existence of extensive mineralization.

Read More

Upcoming Q1, 2021 Financial Results

On April 12, 2021, Sierra Metals Inc said that it will announce Q1-2021 financial results on Thursday, May 6, 2021, after Market Close, through a webcast and conference call.

Recent Financial Results

On March 19, 2021, Sierra Metals Inc announced its financial results for the fourth quarter and for the year ended December 31, 2020.

Key financial highlights

  • Sierra Metals revenue from metals payable remains $246.9 million in 2020 compared to $229.0 million in 2019.
  • It recorded an adjusted EBITDA of $97.0 million for 2020 compared to an adjusted EBITDA of $65.3 million for 2019.
  • For FY 2020, cash flow from operations remains $99.0 million compared to $66.4 million in 2019.
  • Sierra Metal’s net income was $23.4 million or $0.14 per basic and diluted share for 2020 compared to $4.4 million or $0.03 per basic and diluted share for 2019.
  • As of December 31, 2020, SMTS had Cash and cash equivalents of $71.5 million and working capital of $70.9 million as compared to $43.0 million and $49.9 million on December 31, 2019.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

 Conclusion

There is no recent news that can justify its turnaround on Tuesday. Although the company performance is satisfactory and it could be the reason behind its surging on Tuesday evening.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

Fastly, Inc. (NYSE: FSLY) stock plunged in the pre-market trading session: here’s why

Fastly, Inc. (NYSE: FSLY), a company specializing to provide real-time content delivery network services, which offers edge cloud platform, edge software development kit (SDK),...

What Is The Reason For GreenBox (GBOX) Stock Rallying In Pre-Market?

In premarket trading hours, GreenBox POS (NASDAQ: GBOX) rose 5.34% to $11.24 on the last check Thursday. GreenBox stock gained 1.81% to close at...

Why Is The HOME Stock Getting Raised In Pre-Hour Trades?

At last check, shares of At Home Group Inc. (NYSE: HOME) were up 14.90 percent to trade at $36.01 in premarket session today. The...

What Caused Nemaura (NMRD) To Rise Today In Premarket Session?

The shares of Nemaura Medical Inc. (NASDAQ: NMRD) were trading 12.12% higher at $12.4 before the bell at last check. Nemaura stock closed the...

Luokung Technology Corp. (LKCO) Stock Surges Amid China-U.S. Economic Tensions

Luokung Technology Corp. (LKCO) stock prices were down by 8.64% as of the market closing on May 5th, 2021, bringing the price per share...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.