Sierra Metals (SMTS) Earns “Buy” Rating from Noble Financial

Noble Financial reissued their buy rating on shares of Sierra Metals (NYSEAMERICAN:SMTS) in a research report report published on Thursday, April 18th, AnalystRatings.com reports. Noble Financial currently has a $3.75 price objective on the stock.

Several other analysts have also recently weighed in on SMTS. HC Wainwright set a $4.00 price target on Sierra Metals and gave the stock a buy rating in a report on Friday, January 25th. Zacks Investment Research upgraded Sierra Metals from a sell rating to a hold rating in a report on Wednesday, January 30th.

SMTS stock traded up $0.01 during midday trading on Thursday, reaching $1.37. 15,676 shares of the company were exchanged, compared to its average volume of 32,717. Sierra Metals has a one year low of $1.34 and a one year high of $2.90.

Sierra Metals (NYSEAMERICAN:SMTS) last posted its earnings results on Thursday, March 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $55.02 million during the quarter, compared to the consensus estimate of $52.47 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. West Family Investments Inc. grew its stake in Sierra Metals by 20.2% in the 4th quarter. West Family Investments Inc. now owns 1,932,029 shares of the company’s stock valued at $3,410,000 after purchasing an additional 325,085 shares during the period. ETF Managers Group LLC grew its stake in Sierra Metals by 18.3% in the 4th quarter. ETF Managers Group LLC now owns 346,230 shares of the company’s stock valued at $614,000 after purchasing an additional 53,510 shares during the period. Finally, Arias Resource Capital GP Ltd. grew its stake in Sierra Metals by 0.3% in the 4th quarter. Arias Resource Capital GP Ltd. now owns 84,685,558 shares of the company’s stock valued at $150,282,000 after purchasing 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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