Shares of Sierra Metals Inc (NYSEAMERICAN:SMTS) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $4.00.
Several research analysts recently issued reports on SMTS shares. Noble Financial set a $5.00 price target on shares of Sierra Metals and gave the stock a “buy” rating in a research note on Friday, June 8th. Roth Capital set a $4.00 price target on shares of Sierra Metals and gave the stock a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research upgraded shares of Sierra Metals from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Thursday, May 17th. Jefferies Financial Group started coverage on shares of Sierra Metals in a research note on Wednesday, May 2nd. They issued a “hold” rating for the company. Finally, HC Wainwright set a $4.00 price target on shares of Sierra Metals and gave the stock a “buy” rating in a research note on Friday, March 23rd.
Shares of Sierra Metals stock traded down $0.10 during trading on Friday, hitting $2.68. The company’s stock had a trading volume of 36,300 shares, compared to its average volume of 38,881. Sierra Metals has a 52 week low of $2.13 and a 52 week high of $3.10.
A number of large investors have recently added to or reduced their stakes in SMTS. Arias Resource Capital GP Ltd. bought a new stake in Sierra Metals during the 4th quarter valued at about $199,337,000. ETF Managers Group LLC purchased a new stake in shares of Sierra Metals during the 1st quarter valued at about $713,000. Mackenzie Financial Corp purchased a new stake in shares of Sierra Metals during the 4th quarter valued at about $372,000. West Family Investments Inc. boosted its holdings in shares of Sierra Metals by 10.6% during the 4th quarter. West Family Investments Inc. now owns 1,044,925 shares of the company’s stock valued at $2,499,000 after acquiring an additional 100,200 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Sierra Metals during the 4th quarter valued at about $184,000.
Sierra Metals Company Profile
Sierra Metals Inc engages in 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 holds 81.84% interest in the polymetallic Yauricocha Mine located in the Yauyos province in Peru.
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