Noble Financial analyst Mark Reichman maintained a Buy rating on Sierra Metals (SMTS – Research Report) today and set a price target of $2.25. The company’s shares closed last Friday at $0.57.
According to TipRanks, Reichman is an analyst with an average return of -5.3% and a 32.86% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Defense Metals, Comstock Mining, and Alliance Resource.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sierra Metals with a $1.58 average price target, representing a 177.97% upside. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $1.50 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $2.78 and a one-year low of $0.55. Currently, Sierra Metals has an average volume of 139.9K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on SMTS:
- IM Cannabis Reports Record Second Quarter 2022 Financial Results; Revenues Increase 114% YoY to $23.8 Million
- ME2C Environmental to Host Second Quarter 2022 Conference Call on August 17, 2022
- The Flowr Corporation Announces Close of Sale of Flowr Forest for $3.4M Completing Phase One of the Transformation Plan
- ENDEAVOUR ANNOUNCES CHANGE TO BOARD OF DIRECTORS
- Monness Reaffirms Their Hold Rating on Snowflake (SNOW)
