H.C. Wainwright Sticks to Their Buy Rating for Sierra Metals (SMTS)


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Sierra Metals (SMTS) today and set a price target of $2.50. The company’s shares opened today at $1.24.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 17.7% and a 56.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sierra Metals with a $2.50 average 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 739.7K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMTS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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