Optimum Investment Advisors reduced its stake in shares of Sierra Metals Inc (NYSEAMERICAN:SMTS) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,500 shares of the company’s stock after selling 12,750 shares during the period. Optimum Investment Advisors’ holdings in Sierra Metals were worth $55,000 as of its most recent SEC filing.
Separately, Ramsey Quantitative Systems raised its holdings in Sierra Metals by 54.4% in the third quarter. Ramsey Quantitative Systems now owns 199,125 shares of the company’s stock valued at $501,000 after buying an additional 70,161 shares during the period.
Several analysts have issued reports on the stock. HC Wainwright set a $4.00 price objective on shares of Sierra Metals and gave the company a “buy” rating in a research report on Wednesday, October 31st. Noble Financial reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Sierra Metals in a research report on Wednesday, November 14th. Finally, Zacks Investment Research downgraded shares of Sierra Metals from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Sierra Metals has a consensus rating of “Buy” and an average target price of $3.75.
Sierra Metals (NYSEAMERICAN:SMTS) last released its earnings results on Monday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $52.96 million during the quarter, compared to analysts’ expectations of $54.75 million.
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Sierra Metals 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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