H.C. Wainwright Keeps a Buy Rating on Sierra Metals Inc (SMTS)

By Carrie Williams

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Sierra Metals Inc (NYSE: SMTS), with a price target of $4.25. The company’s shares closed yesterday at $2.50.

Ihle observed:

“We maintain our Buy rating and our $4.25 per share price target. Our valuation is based on an unchanged equally weighted composite of NAV and CFPS methodology. We apply a 12x multiple to our 2018E CFPS, while our NAV analysis utilizes 9.0% discount rates at Yauricocha and Bolívar.”

According to TipRanks.com, Ihle is a 1-star analyst with an average return of -0.1% and a 29.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.

Currently, the analyst consensus on Sierra Metals Inc is a Strong Buy with an average price target of $4.58.

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Sierra Metals Inc’s market cap is currently $408.6M and has a P/E ratio of 6.41. The company has a Price to Book ratio of 2.50.

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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.