Sierra Metals Inc Receives a Buy from Noble Financial

By Carrie Williams

Noble Financial analyst Mark Reichman maintained a Buy rating on Sierra Metals Inc (NYSE MKT: SMTS) today and set a price target of $4.50. The company’s shares opened today at $2.61.

According to, Reichman is a 1-star analyst with an average return of -2.6% and a 33.3% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.

Currently, the analyst consensus on Sierra Metals Inc is Strong Buy and the average price target is $4.33, representing a 65.9% upside.

In a report issued on June 7, 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 $3.10 and a one-year low of $2.13. Currently, Sierra Metals Inc has an average volume of 45.91K.

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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.