Sumitomo Metal Mining (OTCMKTS:SMMYY) Trading 0.5% Higher – Still a Buy?

Shares of Sumitomo Metal Mining Co., Ltd. – Unsponsored ADR (OTCMKTS:SMMYY) traded up 0.5% during trading on Monday . The stock traded as high as $8.34 and last traded at $8.26. 44,013 shares were traded during mid-day trading, a decline of 39% from the average session volume of 71,825 shares. The stock had previously closed at $8.22.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group upgraded Sumitomo Metal Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. The Goldman Sachs Group upgraded Sumitomo Metal Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Sumitomo Metal Mining Stock Up 0.5%

The stock’s fifty day simple moving average is $8.12 and its two-hundred day simple moving average is $6.85.

About Sumitomo Metal Mining

Sumitomo Metal Mining Co, Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through Mineral Resources, Smelting & Refining, and Materials segments. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and others; battery materials, such as nickel hydroxides, lithium nickel-cobalt-aluminum oxides, and lithium nickel manganese cobalt oxide; and crystal materials, including lithium tantalates/lithium niobates, optical isolators, faraday rotators, and substitute gallium gadolinium garnet.