In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Sierra Metals (SMTS), with a price target of $2.50. The company’s shares opened today at $0.76.
According to TipRanks.com, Reichman is ranked 0 out of 5 stars with an average return of -17.4% and a 18.8% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Panther Silver, Endeavour Silver, and Newrange Gold.
Sierra Metals has an analyst consensus of Strong Buy, with a price target consensus of $2.42, implying a 214.3% upside from current levels. In a report issued on June 8, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.25 price target.
See today’s analyst top recommended stocks >>
Based on Sierra Metals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $55.56 million and GAAP net loss of $1.87 million. In comparison, last year the company earned revenue of $49.18 million and had a GAAP net loss of $1.72 million.
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.
Read More on SMTS:
