PI Financial has updated coverage on Sierra Metals (TSX: SMT)

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Following the release of the production results for the 4th quarter, analyst Christos Doulis reiterated his buy rating and target price of $2.20, a premium of 52% to the $1.45 price on February 3rd, the day the report was issued. Sierra Metals is a Canadian mining company focused on production of precious and base metals from its Yauricocha Mine in Peru, and its Bolivar Mine and Cusi Mine in Mexico.

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