Sierra Metals (NYSEAMERICAN:SMTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Sierra Metals Inc. is a mining company which engages in the production, exploration and development of precious and base metals. Its properties primarily include Yauricocha mine, Bolivar mine and Cusi mine. Sierra Metals Inc. is headquartered in Toronto, Canada. “

Several other research firms have also recently weighed in on SMTS. Noble Financial reiterated a “buy” rating and issued a $3.50 price target on shares of Sierra Metals in a report on Sunday, January 26th. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Sierra Metals in a report on Friday, January 24th.

NYSEAMERICAN:SMTS traded up $0.00 during trading hours on Thursday, hitting $0.71. The stock had a trading volume of 29,500 shares, compared to its average volume of 24,524. Sierra Metals has a one year low of $0.45 and a one year high of $1.90.

Sierra Metals Company Profile

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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