Sierra Metals Inc. (NASDAQ:SMTS) Earns “Buy” Rating from HC Wainwright

Sierra Metals Inc. (NASDAQ:SMTS)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, October 17th. They presently have a $3.50 price objective on the stock. HC Wainwright’s price objective would suggest a potential upside of 33.08% from the company’s current price.

Separately, Scotiabank reissued a “sector outperform” rating on shares of Sierra Metals in a research report on Thursday, August 31st.

Shares of Sierra Metals (NASDAQ:SMTS) traded up $0.03 during trading hours on Tuesday, reaching $2.62. The company’s stock had a trading volume of 24,288 shares.

Sierra Metals (NASDAQ:SMTS) last released its quarterly earnings data on Monday, August 14th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $48.57 million during the quarter.

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An institutional investor recently bought a new position in Sierra Metals stock. Rathbone Brothers plc purchased a new position in shares of Sierra Metals Inc. (NASDAQ:SMTS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 253,100 shares of the company’s stock, valued at approximately $638,000. Rathbone Brothers plc owned approximately 0.16% of Sierra Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

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