Sierra Metals’ (SMTS) “Buy” Rating Reiterated at Noble Financial

Noble Financial reaffirmed their buy rating on shares of Sierra Metals (NYSEAMERICAN:SMTS) in a research report released on Thursday, AnalystRatings.com reports. The firm currently has a $3.75 target price on the stock.

A number of other brokerages have also issued reports on SMTS. HC Wainwright reiterated a buy rating and set a $4.25 price target on shares of Sierra Metals in a research report on Monday, April 1st. Zacks Investment Research upgraded Sierra Metals from a sell rating to a hold rating in a research report on Wednesday, January 30th.

Shares of SMTS opened at $1.53 on Thursday. Sierra Metals has a 12 month low of $1.48 and a 12 month high of $2.90.

Sierra Metals (NYSEAMERICAN:SMTS) last issued its quarterly earnings data on Thursday, March 28th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The company had revenue of $55.02 million during the quarter, compared to analysts’ expectations of $52.47 million.

Hedge funds have recently made changes to their positions in the business. ETF Managers Group LLC lifted its holdings in shares of Sierra Metals by 18.3% in the fourth quarter. ETF Managers Group LLC now owns 346,230 shares of the company’s stock valued at $614,000 after buying an additional 53,510 shares during the period. West Family Investments Inc. lifted its holdings in shares of Sierra Metals by 20.2% in the fourth quarter. West Family Investments Inc. now owns 1,932,029 shares of the company’s stock valued at $3,410,000 after buying an additional 325,085 shares during the period. Finally, Arias Resource Capital GP Ltd. lifted its holdings in shares of Sierra Metals by 0.3% in the fourth quarter. Arias Resource Capital GP Ltd. now owns 84,685,558 shares of the company’s stock valued at $150,282,000 after buying an additional 252,485 shares during the period.

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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