The Manufacturers Life Insurance Company Invests $795,000 in Sunshine Silver Mining & Refining Company $SSMR

The Manufacturers Life Insurance Company bought a new stake in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,080 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also bought and sold shares of SSMR. Amundi acquired a new position in shares of Sunshine Silver Mining & Refining during the second quarter worth $17,259,000. Groupe la Francaise acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth $3,969,000. Moore Capital Management LP purchased a new position in Sunshine Silver Mining & Refining during the 2nd quarter worth $3,966,000. Ninepoint Partners LP purchased a new position in Sunshine Silver Mining & Refining during the 2nd quarter worth $9,254,000. Finally, Van ECK Associates Corp acquired a new position in Sunshine Silver Mining & Refining during the 2nd quarter valued at about $13,373,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SSMR shares. Citigroup started coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “buy” rating and a $18.00 price target for the company. Wall Street Zen lowered shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings started coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They issued a “sell (d)” rating for the company. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Finally, BMO Capital Markets started coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “outperform” rating and a $16.50 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.92.

Sunshine Silver Mining & Refining Stock Down 2.0%

NYSE:SSMR opened at $16.59 on Tuesday. The company’s 50 day moving average price is $15.74. Sunshine Silver Mining & Refining Company has a 1-year low of $12.51 and a 1-year high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last posted its 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). Analysts expect that Sunshine Silver Mining & Refining Company will post -0.44 earnings per share for the current fiscal year.

Sunshine Silver Mining & Refining Company Profile

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.