Sunshine Silver Mining & Refining Company (SSMR) – What Are Analysts Saying About This Stock?

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.58.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Canaccord Genuity Group initiated coverage on Sunshine Silver Mining & Refining in a report on Tuesday, August 18th. They issued a “speculative buy” rating and a $20.00 price target for the company. Morgan Stanley cut their price target on Sunshine Silver Mining & Refining from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Scotiabank increased their price target on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings assumed coverage on Sunshine Silver Mining & Refining in a report on Monday, August 31st. They set a “sell (d)” rating on the stock.

Sunshine Silver Mining & Refining Stock Performance

NYSE:SSMR opened at $13.25 on Friday. Sunshine Silver Mining & Refining has a 12-month low of $10.63 and a 12-month high of $19.61. The company has a 50-day moving average price of $14.82.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued 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). Analysts forecast that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in Sunshine Silver Mining & Refining in the 3rd quarter worth about $25,000. BOKF NA acquired a new position in shares of Sunshine Silver Mining & Refining during the 3rd quarter valued at about $59,000. The Manufacturers Life Insurance Company acquired a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at about $795,000. Squarepoint Ops LLC acquired a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at about $318,000. Finally, Amundi purchased a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth about $17,259,000.

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.