In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Sierra Metals (SMTS – Research Report), with a price target of $4.25. The company’s shares closed last Wednesday at $2.80.
According to TipRanks.com, Ihle is a top 100 analyst with an average return of 37.5% and a 56.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sierra Metals with a $4.42 average price target, representing a 61.9% upside. In a report issued on July 19, Noble Financial also maintained a Buy rating on the stock with a $4.25 price target.
Based on Sierra Metals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $69.62 million and net profit of $3.08 million. In comparison, last year the company earned revenue of $55.56 million and had a GAAP net loss of $1.87 million.
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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.