In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Sierra Metals (SMTS – Research Report), with a price target of $1.75. The company’s shares closed yesterday at $0.46.
According to TipRanks, Reichman is an analyst with an average return of -8.4% and a 29.89% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Comstock Mining, Sierra Metals, and Defense Metals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sierra Metals with a $1.25 average price target.
See the top stocks recommended by analysts >>
SMTS market cap is currently $77.79M and has a P/E ratio of -1.38.
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.
