Sierra Metals (TSE:SMT) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Sierra Metals (TSE:SMT) in a report released on Monday, Zacks.com reports.

Separately, Jefferies Financial Group decreased their price objective on Sierra Metals from C$2.00 to C$1.90 in a report on Tuesday, August 6th.

SMT opened at C$1.78 on Monday. The stock has a fifty day simple moving average of C$1.82 and a two-hundred day simple moving average of C$1.95. The company has a current ratio of 2.02, a quick ratio of 1.51 and a debt-to-equity ratio of 48.94. The company has a market cap of $287.06 million and a price-to-earnings ratio of -111.25. Sierra Metals has a 12-month low of C$1.55 and a 12-month high of C$3.49.

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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