Noble Financial Reiterates “Buy” Rating for Sierra Metals (TSE:SMT)

Sierra Metals (TSE:SMTGet Rating)‘s stock had its “buy” rating reaffirmed by research analysts at Noble Financial in a report released on Friday, Stock Target Advisor reports. They presently have a C$2.75 price target on the mining company’s stock. Noble Financial’s target price indicates a potential upside of 147.75% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. HC Wainwright restated a “buy” rating and set a C$3.50 target price on shares of Sierra Metals in a report on Wednesday, April 20th. CIBC lowered their price objective on shares of Sierra Metals from C$1.90 to C$1.75 and set a “neutral” rating for the company in a research note on Wednesday, May 4th. Finally, Jefferies Financial Group upped their target price on shares of Sierra Metals from C$1.80 to C$2.15 in a research note on Wednesday, March 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sierra Metals currently has a consensus rating of “Buy” and an average price target of C$3.08.

Shares of Sierra Metals stock traded up C$0.08 on Friday, reaching C$1.11. The company had a trading volume of 33,272 shares, compared to its average volume of 99,545. The company has a debt-to-equity ratio of 40.78, a quick ratio of 0.87 and a current ratio of 1.20. The firm has a market cap of C$181.37 million and a PE ratio of -5.09. The firm’s 50 day moving average price is C$1.48 and its two-hundred day moving average price is C$1.68. Sierra Metals has a 52-week low of C$1.01 and a 52-week high of C$4.57.

Sierra Metals (TSE:SMTGet Rating) last announced its earnings results on Wednesday, March 16th. The mining company reported C$0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.02. The firm had revenue of C$78.47 million during the quarter, compared to analysts’ expectations of C$85.93 million. As a group, sell-side analysts predict that Sierra Metals will post 0.32 EPS for the current year.

About Sierra Metals (Get Rating)

Sierra Metals Inc, together with its subsidiaries, focuses on 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's flagship property is the 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.

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