H.C. Wainwright Sticks to Its Buy Rating for Sierra Metals Inc

By Jason Carr

In a report issued on July 18, Heiko Ihle from H.C. Wainwright maintained a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS), with a price target of $3. The company’s shares closed yesterday at $2.70.

Ihle noted:

“We note that silver equivalent production from 1H17 (annualized to 11.5 million SEO) is in line with the lower end of management’s 2017 guidance of 11.5-13.5 million SEO.”

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 24.7% and a 47.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures Corp, Paramount Gold And Silver, and Endeavour Silver Corp.

Sierra Metals Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.

The company has a one year high of $3.10 and a one year low of $2.60. Currently, Sierra Metals Inc has an average volume of 8,166.

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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.