Shares of Sierra Metals Inc. (NYSE American:SMTS) traded today at $3.87, eclipsing its 52-week high. So far today approximately 129,000 shares have been exchanged, as compared to an average 30-day volume of 533,000 shares.
Sierra Metals Inc. (NYSE American:SMTS) defies analysts with a current price ($3.76) 77.6% above its average consensus price target of $0.84.
Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru and the Bolivar and Cusi Mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using the room-and-pillar mining method. The majority of the revenue is earned by selling the mineral concentrates to its customers in Peru.
In the past 52 weeks, Sierra Metals Inc. share prices are bracketed by a low of $0.45 and a high of $3.87 and is now at $3.76, 736% above that low price.
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