Sierra Metals Inc (SMT) Stock Rating Lowered by Scotiabank

Sierra Metals Inc (TSE:SMT) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday. They presently have a C$3.60 price target on the mining company’s stock, down from their prior price target of C$4.25. Scotiabank’s target price suggests a potential upside of 17.26% from the company’s previous close.

Separately, HC Wainwright reissued a “buy” rating on shares of Sierra Metals in a research note on Friday, September 8th.

Shares of Sierra Metals (TSE SMT) opened at C$3.07 on Wednesday. Sierra Metals has a 12 month low of C$1.80 and a 12 month high of C$3.75.

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Sierra Metals Company Profile

Sierra Metals Inc is a Canada-based mining company. The Company is focused on the production, exploration and development of precious and base metals in Peru and Mexico. The Company’s segments are Peru and Mexico. It has over three producing mining properties. Its Peruvian Operation (Peru) includes the Yauricocha Mine, its near-mine concessions, and exploration and early-stage properties.

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