Zacks Investment Research Upgrades Sierra Metals (NYSEAMERICAN:SMTS) to Hold

Zacks Investment Research upgraded shares of Sierra Metals (NYSEAMERICAN:SMTS) from a strong sell rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Sierra Metals Inc. is a mining company which engages in the production, exploration and development of precious and base metals. Its properties primarily include Yauricocha mine, Bolivar mine and Cusi mine. Sierra Metals Inc. is headquartered in Toronto, Canada. “

Separately, HC Wainwright reaffirmed a buy rating and issued a $5.00 price objective on shares of Sierra Metals in a research report on Friday, November 15th.

Shares of SMTS stock traded down $0.04 on Thursday, hitting $1.60. 22,314 shares of the stock were exchanged, compared to its average volume of 21,445. Sierra Metals has a fifty-two week low of $1.01 and a fifty-two week high of $1.90.

Sierra Metals (NYSEAMERICAN:SMTS) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $64.55 million during the quarter, compared to analysts’ expectations of $68.28 million.

Sierra Metals Company Profile

Sierra Metals Inc engages in the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company holds 81.84% interest in the polymetallic Yauricocha Mine located in the Yauyos province in Peru.

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