Sierra Metals (NYSEAMERICAN:SMTS) Receives Buy Rating from HC Wainwright

Sierra Metals (NYSEAMERICAN:SMTS)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued on Friday, January 19th. They currently have a $4.25 price objective on the stock. HC Wainwright’s price target points to a potential upside of 78.57% from the company’s previous close.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Sierra Metals from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Scotiabank reiterated a “sector perform” rating on shares of Sierra Metals in a research note on Tuesday, November 14th. Finally, Roth Capital started coverage on shares of Sierra Metals in a research note on Tuesday, January 16th. They issued a “buy” rating and a $4.00 price objective for the company.

Shares of Sierra Metals (NYSEAMERICAN SMTS) traded up $0.02 during trading hours on Friday, hitting $2.38. 2,324 shares of the stock traded hands, compared to its average volume of 17,790. The stock has a market capitalization of $403.44, a P/E ratio of -29.75 and a beta of 1.70. Sierra Metals has a 1-year low of $2.10 and a 1-year high of $3.10.

Sierra Metals (NYSEAMERICAN:SMTS) last issued its earnings results on Friday, November 10th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $50.86 million during the quarter.

A hedge fund recently bought a new stake in Sierra Metals stock. Ramsey Quantitative Systems acquired a new stake in Sierra Metals Inc. (NYSEAMERICAN:SMTS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,033 shares of the company’s stock, valued at approximately $184,000.

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