H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Sierra Metals (SMTS – Research Report) today and set a price target of $1.75. The company’s shares closed last Thursday at $0.64, close to its 52-week low of $0.60.
According to TipRanks.com, Ihle has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -13.9% and a 25.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.
Sierra Metals has an analyst consensus of Moderate Buy, with a price target consensus of $1.71.
Based on Sierra Metals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $57.24 million and net profit of $369K. In comparison, last year the company earned revenue of $69.62 million and had a net profit of $3.08 million.
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.
Read More on SMTS:
- H.C. Wainwright Remains a Buy on Vista Gold (VGZ)
- H.C. Wainwright Thinks Mitek Systems’ Stock is Going to Recover
- Amazon (AMZN) Received its Third Buy in a Row
- Analysts Are Bullish on These Healthcare Stocks: EKSO BIONICS (EKSO), NovoCure (NVCR)
- Analysts Offer Insights on Materials Companies: Gold Resource (GORO) and Aspen Aerogels (ASPN)