Sierra Metals Inc. (NASDAQ:SMTS)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Friday. They presently have a $3.50 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 18.65% from the company’s previous close.

Separately, Scotiabank reiterated a “sector outperform” rating on shares of Sierra Metals in a research note on Thursday, August 31st.

Sierra Metals (NASDAQ SMTS) traded down 1.35% during midday trading on Friday, hitting $2.91. 21,500 shares of the stock traded hands. The stock’s market capitalization is $473.40 million. Sierra Metals has a 52 week low of $1.29 and a 52 week high of $3.10. The stock’s 50-day moving average price is $2.54 and its 200-day moving average price is $3.36.

Sierra Metals (NASDAQ:SMTS) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.02 EPS for the quarter. The company had revenue of $48.57 million during the quarter. Equities research analysts expect that Sierra Metals will post $0.54 EPS for the current fiscal year.

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