Sierra Metals (NYSEAMERICAN:SMTS)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued to clients and investors on Friday, AnalystRatings.com reports. They presently have a $5.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 240.14% from the stock’s previous close.
A number of other research analysts have also recently weighed in on SMTS. Zacks Investment Research cut shares of Sierra Metals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Noble Financial reiterated a “buy” rating and set a $4.00 price objective on shares of Sierra Metals in a research report on Sunday, August 18th.
SMTS traded down $0.02 during trading hours on Friday, hitting $1.47. The company’s stock had a trading volume of 7,030 shares, compared to its average volume of 22,032. Sierra Metals has a 12 month low of $1.01 and a 12 month high of $2.55.
A hedge fund recently raised its stake in Sierra Metals stock. ETF Managers Group LLC grew its stake in shares of Sierra Metals Inc (NYSEAMERICAN:SMTS) by 25.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,245 shares of the company’s stock after acquiring an additional 102,699 shares during the quarter. ETF Managers Group LLC owned about 0.31% of Sierra Metals worth $624,000 as of its most recent SEC filing.
About Sierra Metals
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.
Further Reading: Bid-Ask Spread
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