Equities research analysts at Jefferies Group assumed coverage on shares of Sierra Metals (NYSEAMERICAN:SMTS) in a research note issued to investors on Wednesday, May 2nd, MarketBeat.com reports. The firm set a “hold” rating on the stock. Jefferies Group also issued estimates for Sierra Metals’ FY2018 earnings at $0.14 EPS, FY2019 earnings at $0.18 EPS, FY2020 earnings at $0.26 EPS, FY2021 earnings at $0.24 EPS and FY2022 earnings at $0.24 EPS.
Several other equities research analysts have also recently issued reports on the company. Roth Capital started coverage on Sierra Metals in a report on Tuesday, January 16th. They issued a “buy” rating and a $4.00 price objective on the stock. HC Wainwright set a $4.00 price objective on Sierra Metals and gave the stock a “buy” rating in a report on Friday, March 23rd. Finally, Zacks Investment Research upgraded Sierra Metals from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Thursday, March 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $3.67.
NYSEAMERICAN:SMTS opened at $2.63 on Wednesday. Sierra Metals has a 52 week low of $2.76 and a 52 week high of $2.76.
Sierra Metals (NYSEAMERICAN:SMTS) last posted its quarterly earnings data on Thursday, March 22nd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $51.17 million during the quarter, compared to analyst estimates of $53.86 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arias Resource Capital GP Ltd. purchased a new stake in shares of Sierra Metals during the 4th quarter valued at approximately $199,337,000. West Family Investments Inc. raised its position in shares of Sierra Metals by 10.6% during the 4th quarter. West Family Investments Inc. now owns 1,044,925 shares of the company’s stock valued at $2,499,000 after buying an additional 100,200 shares during the period. ETF Managers Group LLC purchased a new stake in shares of Sierra Metals during the 1st quarter valued at approximately $713,000. Mackenzie Financial Corp purchased a new stake in shares of Sierra Metals during the 4th quarter valued at approximately $372,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Sierra Metals during the 4th quarter valued at approximately $184,000.
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.
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