Shares of Sierra Metals Inc. (TSE:SMT) fell 0% during mid-day trading on Thursday . The company traded as low as C$2.90 and last traded at C$2.91. 10,900 shares were traded during trading, a decline of 61% from the average session volume of 27,997 shares. The stock had previously closed at C$2.91.

A number of brokerages recently issued reports on SMT. Scotiabank cut Sierra Metals from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$4.25 to C$3.60 in a report on Wednesday, November 15th. HC Wainwright reissued a “buy” rating on shares of Sierra Metals in a report on Friday, September 8th.

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About Sierra Metals

Sierra Metals Inc engages in the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company holds 81.84% interest in the Yauricocha Mine, a polymetallic deposit located in the Yauyos province in Peru.

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