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

By Carrie Williams

In a report released today, Heiko Ihle from H.C. Wainwright maintained a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS), with a price target of $3.50. The company’s shares closed yesterday at $2.53.

According to TipRanks.com, Ihle is a 3-star analyst with an average return of 3.8% and a 23.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Gold Standard Ventures Corp, and Northern Dynasty Minerals.

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

The company has a one-year high of $3.10 and a one-year low of $2.35. Currently, Sierra Metals Inc has an average volume of 23.96K.

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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.