HC Wainwright Reiterates “$4.00” Price Target for Sierra Metals (SMTS)

Sierra Metals (NYSEAMERICAN:SMTS) has been assigned a $4.00 price target by analysts at HC Wainwright in a research report issued on Monday. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 68.07% from the company’s current price.

SMTS has been the subject of a number of other reports. Roth Capital assumed coverage on Sierra Metals in a report on Tuesday, January 16th. They set a “buy” rating and a $4.00 price objective for the company. Zacks Investment Research raised Sierra Metals from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of Sierra Metals in a report on Tuesday, November 14th.

Shares of Sierra Metals (SMTS) traded up $0.02 during trading on Monday, reaching $2.38. The company had a trading volume of 2,324 shares, compared to its average volume of 17,790. Sierra Metals has a twelve month low of $2.10 and a twelve month high of $3.10. The company has a market cap of $403.44, a price-to-earnings ratio of -29.75 and a beta of 1.70.

Sierra Metals (NYSEAMERICAN:SMTS) last issued its earnings results on Friday, November 10th. The company reported $0.03 EPS for the quarter. The firm had revenue of $50.86 million during the quarter.

A hedge fund recently bought a new stake in Sierra Metals stock. Ramsey Quantitative Systems acquired a new stake in Sierra Metals Inc. (NYSEAMERICAN:SMTS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 74,033 shares of the company’s stock, valued at approximately $184,000.

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