Sierra Metals Inc Gets a Buy Rating from H.C. Wainwright

By Austin Angelo

H.C. Wainwright analyst Heiko Ihle maintained a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS) today and set a price target of $4.25. The company’s shares closed on Friday at $2.58.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.2% and a 37.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

Sierra Metals Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.13.

Based on Sierra Metals Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $51.17 million and quarterly net profit of $2.12 million. In comparison, last year the company earned revenue of $54.52 million and had a net profit of $2.56 million.

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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.