Sunshine Silver Mining & Refining (NYSE:SSMR) Posts Earnings Results

Sunshine Silver Mining & Refining (NYSE:SSMR) released its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06), FiscalAI reports.

Sunshine Silver Mining & Refining Stock Down 5.7%

Sunshine Silver Mining & Refining stock traded down $0.98 during trading hours on Thursday, hitting $16.32. The stock had a trading volume of 173,136 shares, compared to its average volume of 203,511. The company’s 50-day simple moving average is $14.28. Sunshine Silver Mining & Refining has a fifty-two week low of $12.51 and a fifty-two week high of $17.45.

Analyst Ratings Changes

A number of brokerages have issued reports on SSMR. Morgan Stanley initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price for the company. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set a “sector perform” rating and a $15.00 price target for the company. BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “outperform” rating and a $16.50 price objective on the stock. Scotiabank boosted their price objective on 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. Finally, Wall Street Zen raised Sunshine Silver Mining & Refining from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.70.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In other Sunshine Silver Mining & Refining news, Director Anna El-Erian purchased 40,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $540,000.00. Following the completion of the purchase, the director directly owned 48,929 shares of the company’s stock, valued at approximately $660,541.50. This represents a 447.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Heather Eileen White purchased 2,000 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $27,000.00. Following the acquisition, the chief executive officer directly owned 2,000 shares in the company, valued at approximately $27,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 59,565 shares of company stock valued at $804,128 in the last quarter.

Institutional Trading of Sunshine Silver Mining & Refining

An institutional investor recently bought a new stake in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP purchased a new position in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining accounts for approximately 0.7% of Ninepoint Partners LP’s investment portfolio, making the stock its 23rd largest holding. Ninepoint Partners LP owned about 0.50% of Sunshine Silver Mining & Refining as of its most recent SEC filing.

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.