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Noble Financial Thinks Sierra Metals’ Stock is Going to Recover

In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Sierra Metals (SMTSResearch Report), with a price target of $2.50. The company’s shares closed last Thursday at $0.64, close to its 52-week low of $0.60.

According to TipRanks.com, Reichman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.4% and a 31.3% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Alliance Resource, Endeavour Silver, and Comstock Mining.

Currently, the analyst consensus on Sierra Metals is a Moderate Buy with an average price target of $1.65, a 155.3% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $1.75 price target.

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Sierra Metals’ market cap is currently $101.1M and has a P/E ratio of -3.45.

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.

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