HC Wainwright Reiterates “Buy” Rating for Sierra Metals (TSE:SMT)

HC Wainwright reiterated their buy rating on shares of Sierra Metals (TSE:SMTGet Rating) in a research note released on Friday, TipRanks reports. The brokerage currently has a C$3.50 target price on the mining company’s stock.

Several other equities research analysts also recently weighed in on SMT. Noble Financial reaffirmed a buy rating and set a C$2.75 price target on shares of Sierra Metals in a report on Friday. Jefferies Financial Group increased their price target on Sierra Metals from C$1.80 to C$2.15 in a report on Wednesday, March 9th. Finally, CIBC decreased their price target on Sierra Metals from C$1.90 to C$1.75 and set a neutral rating for the company in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$3.08.

Shares of SMT stock traded up C$0.07 during trading hours on Friday, hitting C$1.10. The stock had a trading volume of 52,750 shares, compared to its average volume of 99,759. The firm has a market capitalization of C$179.74 million and a PE ratio of -5.05. Sierra Metals has a twelve month low of C$1.01 and a twelve month high of C$4.57. The stock’s 50 day moving average is C$1.46 and its 200 day moving average is C$1.67. The company has a debt-to-equity ratio of 40.78, a current ratio of 1.20 and a quick ratio of 0.87.

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

Sierra Metals Company Profile (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.

Further Reading

Analyst Recommendations for Sierra Metals (TSE:SMT)

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