H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Sierra Metals (SMTS – Research Report) today and set a price target of $3.50. The company's shares closed last Thursday at $0.81, close to its 52-week low of $0.77. According to TipRanks.com, Ihle has 0 stars on 0-5 stars ranking scale with an average return of -11.3% and a 24.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver. Sierra Metals has an analyst consensus of Moderate Buy, with a price target consensus of $2.31, implying a 192.4% upside from current levels.
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