H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Sierra Metals (SMTS) today and set a price target of $4.25. The company’s shares closed last Friday at $2.97.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 46.4% and a 68.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Sierra Metals has an analyst consensus of Strong Buy, with a price target consensus of $4.30, implying a 45.8% upside from current levels. In a report issued on April 14, Noble Financial also maintained a Buy rating on the stock with a $4.25 price target.
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Sierra Metals’ market cap is currently $483.5M and has a P/E ratio of 21.10. The company has a Price to Book ratio of 2.36.
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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.
