In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Sierra Metals (SMTS), with a price target of $3.75. The company’s shares closed last Wednesday at $2.60, close to its 52-week high of $2.75.
According to TipRanks.com, Ihle is a 5-star analyst with an average return of 23.5% and a 54.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.
Currently, the analyst consensus on Sierra Metals is a Strong Buy with an average price target of $3.56, which is a 33.8% upside from current levels. In a report issued on November 10, Noble Financial also maintained a Buy rating on the stock with a $4.25 price target.
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The company has a one-year high of $2.75 and a one-year low of $0.45. Currently, Sierra Metals has an average volume of 163.6K.
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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.
