Sierra Metals Inc (SMT) Downgraded by Scotiabank to Sector Perform
Scotiabank downgraded shares of Sierra Metals Inc (TSE:SMT) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday morning. Scotiabank currently has C$3.60 price target on the mining company’s stock, down from their previous price target of C$4.25.
Separately, HC Wainwright reiterated a buy rating on shares of Sierra Metals in a research note on Friday, September 8th.
Sierra Metals (TSE SMT) traded down C$0.07 during mid-day trading on Wednesday, hitting C$3.09. 3,550 shares of the stock traded hands, compared to its average volume of 29,345. Sierra Metals has a one year low of C$1.80 and a one year high of C$3.75.
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Sierra Metals Inc is a Canada-based mining company. The Company is focused on the production, exploration and development of precious and base metals in Peru and Mexico. The Company’s segments are Peru and Mexico. It has over three producing mining properties. Its Peruvian Operation (Peru) includes the Yauricocha Mine, its near-mine concessions, and exploration and early-stage properties.
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