Sierra Metals (NYSEAMERICAN:SMTS) Given “Buy” Rating at HC Wainwright

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HC Wainwright restated their buy rating on shares of Sierra Metals (NYSEAMERICAN:SMTS) in a report issued on Monday morning, AnalystRatings.com reports. The brokerage currently has a $3.75 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Noble Financial reissued a buy rating and issued a $2.50 price target on shares of Sierra Metals in a report on Friday, May 22nd. Zacks Investment Research raised shares of Sierra Metals from a sell rating to a hold rating in a report on Wednesday, June 17th.

Shares of NYSEAMERICAN:SMTS opened at $1.68 on Monday. Sierra Metals has a one year low of $0.45 and a one year high of $2.75.

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in shares of Sierra Metals by 5,021.0% during the first quarter. Royal Bank of Canada now owns 178,929 shares of the company’s stock valued at $144,000 after acquiring an additional 175,435 shares during the last quarter. ETF Managers Group LLC increased its stake in Sierra Metals by 19.3% during the first quarter. ETF Managers Group LLC now owns 1,266,951 shares of the company’s stock valued at $851,000 after acquiring an additional 205,065 shares during the period. Finally, West Family Investments Inc. increased its stake in Sierra Metals by 6.0% during the first quarter. West Family Investments Inc. now owns 2,710,484 shares of the company’s stock valued at $2,127,000 after acquiring an additional 154,402 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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