Scotiabank Raises Sierra Metals (SMT) Price Target to C$3.50
Sierra Metals (TSE:SMT) had its price objective hoisted by investment analysts at Scotiabank from C$3.30 to C$3.50 in a research note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the mining company’s stock. Scotiabank’s target price suggests a potential upside of 6.06% from the company’s current price.
Separately, Roth Capital restated a “buy” rating on shares of Sierra Metals in a report on Tuesday, January 16th.
Sierra Metals (TSE:SMT) opened at C$3.30 on Friday. Sierra Metals has a 12-month low of C$2.10 and a 12-month high of C$3.75. The company has a market cap of $536.84, a price-to-earnings ratio of -36.67 and a beta of 1.01.
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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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