In a report released today, Mark Reichman from Noble Financial maintained a Hold rating on Sierra Metals (SMTS – Research Report). The company’s shares closed yesterday at $0.21.
Reichman covers the Basic Materials sector, focusing on stocks such as Defense Metals, Comstock Mining, and Sierra Metals. According to TipRanks, Reichman has an average return of -9.8% and a 29.97% success rate on recommended stocks.
Sierra Metals has an analyst consensus of Moderate Buy, with a price target consensus of $1.10.
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Based on Sierra Metals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $49.94 million and a GAAP net loss of $15.27 million. In comparison, last year the company earned a revenue of $79.45 million and had a net profit of $9.08 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.
Read More on SMTS:
- Sierra Metals receives non-binding letter of intent from Compania Minera Kolpa
- Sierra Metals forms special committee to evaluate strategic alternatives
- Sierra Metals announces restart to operations at Yauricocha Mine
- Sierra Metals reports on road blockage at its Yauricocha mine in Peru
- Sierra Metals announces incident at Yauricocha Mine
