Noble Financial Thinks Sierra Metals Inc’s Stock is Going to Recover

By Carrie Williams

Noble Financial analyst Mark Reichman maintained a Buy rating on Sierra Metals Inc (SMTSResearch Report) on July 17. The company’s shares closed yesterday at $1.28, close to its 52-week low of $1.15.

According to TipRanks.com, Reichman ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.1% and a 27.8% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sierra Metals Inc with a $4 average price target, which is a 212.5% upside from current levels. In a report issued on July 17, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.25 price target.

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The company has a one-year high of $2.73 and a one-year low of $1.15. Currently, Sierra Metals Inc has an average volume of 12.93K.

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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.