Noble Financial Believes Sierra Metals (SMTS) Still Has Room to Grow


Noble Financial analyst Mark Reichman maintained a Buy rating on Sierra Metals (SMTS) today and set a price target of $4.25. The company’s shares closed last Monday at $3.42, close to its 52-week high of $3.87.

According to TipRanks.com, Reichman is a 3-star analyst with an average return of 7.1% and a 44.1% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Comstock Mining, and Allegiant Gold.

Currently, the analyst consensus on Sierra Metals is a Strong Buy with an average price target of $4.00, which is a 6.1% upside from current levels. In a report issued on January 19, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.25 price target.

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The company has a one-year high of $3.87 and a one-year low of $0.45. Currently, Sierra Metals has an average volume of 457.5K.

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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.

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