Zacks Investment Research Upgrades Sierra Metals (SMTS) to Buy

Sierra Metals (NYSEAMERICAN:SMTS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $3.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.36% from the stock’s current price.

According to Zacks, “Sierra Metals Inc. is a mining company which engages in the production, exploration and development of precious and base metals. Its properties primarily include Yauricocha mine, Bolivar mine and Cusi mine. Sierra Metals Inc. is headquartered in Toronto, Canada. “

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SMTS has been the topic of a number of other research reports. HC Wainwright restated a “buy” rating and set a $3.50 price target on shares of Sierra Metals in a research note on Wednesday, January 3rd. Roth Capital started coverage on shares of Sierra Metals in a research note on Tuesday, January 16th. They set a “buy” rating and a $4.00 price target on the stock.

Shares of Sierra Metals stock opened at $2.67 on Thursday. Sierra Metals has a 52-week low of $2.10 and a 52-week high of $3.10. The company has a market cap of $374.16, a P/E ratio of -31.88 and a beta of 1.73.

Large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems acquired a new stake in shares of Sierra Metals in the fourth quarter worth $184,000. Mackenzie Financial Corp acquired a new stake in shares of Sierra Metals in the fourth quarter worth $372,000. West Family Investments Inc. increased its stake in shares of Sierra Metals by 10.6% in the fourth quarter. West Family Investments Inc. now owns 1,044,925 shares of the company’s stock worth $2,499,000 after acquiring an additional 100,200 shares during the period. Finally, Arias Resource Capital GP Ltd. acquired a new stake in shares of Sierra Metals in the fourth quarter worth $199,337,000.

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