Sierra Metals Inc (NYSEAMERICAN:SMTS) – Equities researchers at Jefferies Financial Group decreased their FY2022 EPS estimates for Sierra Metals in a research report issued to clients and investors on Monday, August 13th. Jefferies Financial Group analyst C. Lafemina now expects that the company will earn $0.43 per share for the year, down from their previous estimate of $0.44. Jefferies Financial Group has a “Hold” rating on the stock.

SMTS has been the subject of several other reports. Noble Financial reiterated a “buy” rating on shares of Sierra Metals in a report on Monday, May 14th. HC Wainwright set a $4.00 price target on Sierra Metals and gave the company a “buy” rating in a report on Tuesday, July 17th. Finally, Zacks Investment Research downgraded Sierra Metals from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $3.75.

SMTS stock opened at $2.47 on Thursday. Sierra Metals has a 52 week low of $2.13 and a 52 week high of $3.00.

Several institutional investors have recently made changes to their positions in SMTS. ETF Managers Group LLC acquired a new stake in shares of Sierra Metals during the first quarter valued at about $713,000. Ramsey Quantitative Systems grew its stake in shares of Sierra Metals by 20.1% during the second quarter. Ramsey Quantitative Systems now owns 128,964 shares of the company’s stock valued at $347,000 after acquiring an additional 21,609 shares in the last quarter. Finally, West Family Investments Inc. grew its stake in shares of Sierra Metals by 7.7% during the second quarter. West Family Investments Inc. now owns 1,165,867 shares of the company’s stock valued at $3,060,000 after acquiring an additional 83,242 shares in the last quarter.

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 polymetallic Yauricocha Mine located in the Yauyos province in Peru.

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