Sierra Metals (NYSEAMERICAN:SMTS) Receives Buy Rating from HC Wainwright

Sierra Metals (NYSEAMERICAN:SMTS)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report released on Thursday, TipRanks reports. They presently have a $4.25 target price on the stock. HC Wainwright’s price objective suggests a potential upside of 54.55% from the company’s previous close.

SMTS has been the subject of a number of other research reports. TheStreet cut Sierra Metals from a “c-” rating to a “d+” rating in a report on Thursday, June 17th. Zacks Investment Research cut Sierra Metals from a “hold” rating to a “sell” rating in a report on Thursday, July 8th. Finally, CIBC upped their price target on Sierra Metals from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Tuesday, May 25th.

Shares of Sierra Metals stock traded down $0.05 during mid-day trading on Thursday, reaching $2.75. 5,325 shares of the stock traded hands, compared to its average volume of 311,336. The company has a 50-day moving average price of $3.11. Sierra Metals has a fifty-two week low of $1.38 and a fifty-two week high of $3.92. The stock has a market capitalization of $449.43 million, a PE ratio of 16.18 and a beta of 1.83. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.31.

Sierra Metals (NYSEAMERICAN:SMTS) last announced its earnings results on Thursday, May 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Sierra Metals had a net margin of 10.87% and a return on equity of 14.17%. The firm had revenue of $69.62 million for the quarter, compared to analyst estimates of $74.27 million. As a group, analysts forecast that Sierra Metals will post 0.31 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC grew its position in Sierra Metals by 134.6% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 386,700 shares of the company’s stock worth $1,218,000 after acquiring an additional 221,900 shares during the period. Virtu Financial LLC purchased a new position in Sierra Metals in the fourth quarter worth approximately $132,000. Warberg Asset Management LLC purchased a new position in Sierra Metals in the fourth quarter worth approximately $60,000. Levin Capital Strategies L.P. purchased a new position in Sierra Metals in the first quarter worth approximately $158,000. Finally, Renaissance Technologies LLC grew its position in Sierra Metals by 1,122.5% in the fourth quarter. Renaissance Technologies LLC now owns 408,300 shares of the company’s stock worth $1,352,000 after acquiring an additional 374,900 shares during the period. Institutional investors and hedge funds own 36.04% of the company’s stock.

Sierra Metals Company Profile

Sierra Metals, Inc engages in the production, exploration, and development of precious and base metals. It operates through the following geographical segments: Peru, Mexico, and Canada. The Peru segment consists Yauricocha Mine. The Mexico segment comprises of Bolivar and Cusi Mines. The company was founded on April 11, 1996 and is headquartered in Toronto, Canada.

Recommended Story: Why is the ex-dividend date different from the record date?

Receive News & Ratings for Sierra Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Metals and related companies with MarketBeat.com's FREE daily email newsletter.