Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded at BMO Capital Markets

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on SSMR. Scotiabank started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector outperform” rating and a $20.00 target price on the stock. Royal Bank Of Canada started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set a “sector perform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. Citigroup began coverage on Sunshine Silver Mining & Refining in a research note on Monday. They set a “buy” rating and a $18.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set an “overweight” rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.50.

Sunshine Silver Mining & Refining Price Performance

Shares of NYSE:SSMR opened at $13.42 on Monday. Sunshine Silver Mining & Refining has a 12-month low of $12.56 and a 12-month high of $17.15.

Insider Activity

In other Sunshine Silver Mining & Refining news, General Counsel Michelle H. Shepston purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased 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 owned 5,000 shares of the company’s stock, valued at $67,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence P. Radford purchased 2,500 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, with a total value of $33,750.00. Following the completion of the purchase, the director directly owned 11,429 shares of the company’s stock, valued at $154,291.50. The trade was a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 59,565 shares of company stock worth $804,128.