Sierra Metals (SMT) PT Set at C$3.50 by Scotiabank

Sierra Metals (TSE:SMT) received a C$3.50 price target from equities research analysts at Scotiabank in a research note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s target price suggests a potential upside of 8.36% from the stock’s previous close.

Separately, Roth Capital reaffirmed a “buy” rating on shares of Sierra Metals in a research report on Tuesday, January 16th.

Shares of Sierra Metals (TSE:SMT) traded up C$0.11 during trading hours on Friday, hitting C$3.23. 4,100 shares of the company’s stock were exchanged, compared to its average volume of 20,448. Sierra Metals has a 52 week low of C$2.75 and a 52 week high of C$3.75. The stock has a market cap of $507.98, a P/E ratio of -35.89 and a beta of 1.02.

Sierra Metals (TSE:SMT) last announced its quarterly earnings data on Friday, November 10th. The mining company reported C$0.04 EPS for the quarter. Sierra Metals had a negative net margin of 11.82% and a negative return on equity of 16.75%.

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About Sierra Metals

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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