Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

SSMR has been the topic of several other reports. Royal Bank Of Canada assumed coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They issued a “sector perform” rating and a $15.00 price objective on the stock. Wall Street Zen raised Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. Scotiabank assumed coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector outperform” rating and a $20.00 price target on the stock. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set an “outperform” rating and a $16.50 price objective for the company. Finally, Citigroup started coverage on Sunshine Silver Mining & Refining in a report on Monday. They set a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sunshine Silver Mining & Refining has an average rating of “Moderate Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Trading Up 5.6%

Shares of SSMR stock opened at $13.96 on Tuesday. Sunshine Silver Mining & Refining has a 12-month low of $12.56 and a 12-month high of $17.15.

Insiders Place Their Bets

In other Sunshine Silver Mining & Refining news, Director Anna El-Erian purchased 40,000 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $540,000.00. Following the purchase, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Groh purchased 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were 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 directly owned 143,929 shares in the company, valued at approximately $1,943,041.50. This represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 59,565 shares of company stock valued at $804,128 over the last 90 days.