Sierra Metals (SMT) PT Raised to C$3.50
Sierra Metals (TSE:SMT) had its target price increased by stock analysts at Scotiabank from C$3.30 to C$3.50 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the mining company’s stock. Scotiabank’s target price would suggest a potential upside of 7.69% from the stock’s previous close.
Separately, Roth Capital reaffirmed a “buy” rating on shares of Sierra Metals in a report on Tuesday.
Sierra Metals (SMT) traded up C$0.01 during midday trading on Friday, hitting C$3.25. 14,800 shares of the company traded hands, compared to its average volume of 21,746. The company has a market cap of $528.71, a P/E ratio of -36.11 and a beta of 1.01. Sierra Metals has a fifty-two week low of C$2.10 and a fifty-two week high of C$3.75.
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About Sierra Metals
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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