Zacks: Sierra Metals Inc. (SMTS) Receives Average Recommendation of “Strong Buy” from Analysts
Sierra Metals Inc. (NASDAQ:SMTS) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $3.50 for the company, according to Zacks. Zacks has also given Sierra Metals an industry rank of 53 out of 265 based on the ratings given to related companies.
Several research firms have recently commented on SMTS. HC Wainwright reissued a “buy” rating and issued a $3.50 price objective on shares of Sierra Metals in a research note on Tuesday. Scotiabank reissued a “sector outperform” rating on shares of Sierra Metals in a research note on Thursday, August 31st.
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Sierra Metals (NASDAQ:SMTS) traded up 1.57% during midday trading on Tuesday, hitting $2.58. 10,692 shares of the stock traded hands. Sierra Metals has a 12-month low of $2.35 and a 12-month high of $3.10. The firm’s market cap is $419.71 million. The company’s 50-day moving average is $2.62 and its 200 day moving average is $2.57.
Sierra Metals (NASDAQ:SMTS) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $48.57 million during the quarter. On average, analysts anticipate that Sierra Metals will post $0.54 EPS for the current fiscal year.
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