Sierra Metals Inc (SMT) Lowered to Sector Perform at Scotiabank
Sierra Metals Inc (TSE:SMT) was downgraded by equities researchers at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday. They presently have a C$3.60 price target on the mining company’s stock, down from their previous price target of C$4.25. Scotiabank’s target price would indicate a potential upside of 13.92% from the company’s current price.
Separately, HC Wainwright reissued a “buy” rating on shares of Sierra Metals in a report on Friday, September 8th.
Sierra Metals (TSE SMT) traded down C$0.31 during trading on Wednesday, hitting C$3.16. The stock had a trading volume of 1,600 shares, compared to its average volume of 29,469. Sierra Metals has a 12 month low of C$1.80 and a 12 month high of C$3.75.
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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