Noble Financial Remains a Buy on Sierra Metals (SMTS)

In a report issued on November 15, Mark Reichman from Noble Financial maintained a Buy rating on Sierra Metals (SMTSResearch Report), with a price target of $3.75. The company’s shares closed last Monday at $1.47.

According to TipRanks.com, Reichman has 0 stars on 0-5 star ranking scale with an average return of -10.6% and a 30.8% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Panther Silver, Endeavour Silver, and Coeur Mining.

Sierra Metals has an analyst consensus of Moderate Buy, with a price target consensus of $4.38, which is a 194.0% upside from current levels. In a report issued on November 15, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.00 price target.

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The company has a one-year high of $2.55 and a one-year low of $1.01. Currently, Sierra Metals has an average volume of 16.1K.

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Sierra Metals, Inc. engages in the production, exploration, and development of precious and base metals. It operates through the Peru and Mexico geographical segments. The Peru segment consists of Yauricocha Mine. The Mexico segment conssits of Bolivar and Cusi Mines. The company was founded on April 11, 1996 and is headquartered in Toronto, Canada.