Sunshine Silver Mining & Refining Company (NYSE:SSMR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.9167.

SSMR has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group set a $20.00 target price on Sunshine Silver Mining & Refining in a research report on Tuesday. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “overweight” rating and a $23.00 target price on the stock. Wall Street Zen downgraded Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Citigroup began coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a “buy” rating and a $18.00 price target for the company.

Insider Buying and Selling

In other Sunshine Silver Mining & Refining news, Director Douglas Groh bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director owned 143,929 shares in the company, valued at $1,943,041.50. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michelle H. Shepston bought 5,000 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $13.50 per share, with a total value of $67,500.00. Following the completion of the purchase, the general counsel directly owned 5,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 59,565 shares of company stock worth $804,128 over the last ninety days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP purchased a new position in Sunshine Silver Mining & Refining Company (NYSE:SSMR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining accounts for about 0.7% of Ninepoint Partners LP’s holdings, making the stock its 23rd largest holding. Ninepoint Partners LP owned 0.50% of Sunshine Silver Mining & Refining as of its most recent SEC filing.

Sunshine Silver Mining & Refining Trading Down 2.0%

Shares of SSMR opened at $15.74 on Tuesday. The company has a fifty day moving average price of $14.32. Sunshine Silver Mining & Refining has a twelve month low of $12.51 and a twelve month high of $17.45.

Sunshine Silver Mining & Refining (NYSE:SSMR) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). On average, equities research analysts predict that Sunshine Silver Mining & Refining will post -0.28 earnings per share for the current year.

About Sunshine Silver Mining & Refining

Sunshine Silver Mining & Refining Company operates as a silver mining company principally in the United States. The company is the owner and developer of the Sunshine Mine and the Sunshine Silver/Copper Refinery. Sunshine Silver Mining & Refining Company is based in Kellogg, Idaho.