H.C. Wainwright Maintains a Buy Rating on Sierra Metals Inc

By Carrie Williams

H.C. Wainwright analyst Heiko Ihle maintained a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS) today and set a price target of $3.50. The company’s shares closed yesterday at $2.58.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 11.2% and a 33.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Paramount Gold And Silver.

Sierra Metals Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.

Based on Sierra Metals Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $48.57 million and GAAP net loss of $2.8 million. In comparison, last year the company earned revenue of $40.76 million and had a net profit of $1.37 million.

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Sierra Metals, Inc. is a mining company, which engages in the production, exploration, and development of precious and base metals. Its properties includes the following: Yauricocha mine, Bolivar mine, and Cusi mine. The company was founded on April 11, 1996 and is headquartered in Toronto, Canada.