In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Sierra Metals (SMTS – Research Report), with a price target of $3.50. The company's shares closed last Tuesday at $1.16, close to its 52-week low of $1.15. According to TipRanks.com, Ihle is a 4-star analyst with an average return of 8.0% and a 37.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sierra Metals with a $2.61 average price target.
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