Shares of Sierra Metals Inc (NYSEAMERICAN:SMTS) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.00.
A number of equities research analysts have recently issued reports on SMTS shares. Zacks Investment Research raised shares of Sierra Metals from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Thursday, March 22nd. Jefferies Financial Group initiated coverage on shares of Sierra Metals in a research note on Wednesday, May 2nd. They issued a “hold” rating for the company. Noble Financial reissued a “buy” rating on shares of Sierra Metals in a research report on Monday, May 14th. HC Wainwright set a $4.00 price target on shares of Sierra Metals and gave the company a “buy” rating in a research report on Friday, March 23rd. Finally, Roth Capital set a $4.00 price target on shares of Sierra Metals and gave the company a “buy” rating in a research report on Thursday, April 12th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ramsey Quantitative Systems purchased a new stake in shares of Sierra Metals in the 4th quarter worth about $184,000. Mackenzie Financial Corp purchased a new stake in shares of Sierra Metals in the 4th quarter worth about $372,000. ETF Managers Group LLC purchased a new stake in shares of Sierra Metals in the 1st quarter worth about $713,000. West Family Investments Inc. lifted its position in shares of Sierra Metals by 10.6% in the 4th quarter. West Family Investments Inc. now owns 1,044,925 shares of the company’s stock worth $2,499,000 after purchasing an additional 100,200 shares during the period. Finally, Arias Resource Capital GP Ltd. purchased a new stake in shares of Sierra Metals in the 4th quarter worth about $199,337,000.
Sierra Metals (NYSEAMERICAN:SMTS) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The business had revenue of $61.68 million during the quarter, compared to analysts’ expectations of $63.58 million.
Sierra Metals Company Profile
Sierra Metals Inc engages in the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company holds 81.84% interest in the polymetallic Yauricocha Mine located in the Yauyos province in Peru.
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