Sumitomo Metal Mining (OTCMKTS:SMMYY) Raised to Strong-Buy at Jefferies Financial Group

Sumitomo Metal Mining (OTCMKTS:SMMYY) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Sumitomo Metal Mining Stock Performance

Shares of OTCMKTS SMMYY opened at $7.50 on Wednesday. The company’s 50 day moving average price is $6.51 and its 200-day moving average price is $5.87. Sumitomo Metal Mining has a 52-week low of $4.07 and a 52-week high of $8.07.

Sumitomo Metal Mining Company Profile

Sumitomo Metal Mining Co, Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through Mineral Resources, Smelting & Refining, and Materials segments. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and others; battery materials, such as nickel hydroxides, lithium nickel-cobalt-aluminum oxides, and lithium nickel manganese cobalt oxide; and crystal materials, including lithium tantalates/lithium niobates, optical isolators, faraday rotators, and substitute gallium gadolinium garnet.