In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS), with a price target of $4.25. The company’s shares opened today at $2.63.
Ihle wrote:
“We maintain our Buy rating and our $4.25 per share price target. Our valuation is based on an unchanged equally weighted composite of NAV and CFPS methodology. We apply a 12x multiple to our 2018E CFPS, while our NAV analysis utilizes 9.0% discount rates at Yauricocha and Bolívar amid 10.0% at Cusi.”
According to TipRanks.com, Ihle is a 3-star analyst with an average return of 4.0% and a 40.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sierra Metals Inc with a $4.33 average price target, a 64.6% upside from current levels. In a report issued on June 19, Noble Financial also assigned a Buy rating to the stock with a $4.50 price target.
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The company has a one-year high of $3.10 and a one-year low of $2.13. Currently, Sierra Metals Inc has an average volume of 45.83K.
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Sierra Metals, Inc. engages in the production, exploration, and development of precious and base metals. It operates through the Peru and Mexico geographical segments. The Peru segment consists of Yauricocha Mine. The Mexico segment conssits of Bolivar and Cusi Mines. The company was founded on April 11, 1996 and is headquartered in Toronto, Canada.
