Sunshine Silver Mining & Refining Company (NYSE:SSMR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.9167.

A number of research analysts have issued reports on the company. Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an “overweight” rating and a $23.00 target price for the company. Scotiabank raised their price target on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. BMO Capital Markets started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “outperform” rating and a $16.50 price target on the stock. Finally, Royal Bank Of Canada initiated 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 on the stock.

Insider Transactions at Sunshine Silver Mining & Refining

In related news, CEO Heather Eileen White bought 2,000 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, with a total value of $27,000.00. Following the completion of the purchase, the chief executive officer owned 2,000 shares in the company, valued at $27,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the transaction, the insider owned 24,758,995 shares of the company’s stock, valued at $334,246,432.50. This trade represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 59,565 shares of company stock valued at $804,128.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

Institutional investors and hedge funds have recently bought and sold shares of the company. Moore Capital Management LP bought a new position in Sunshine Silver Mining & Refining in the second quarter valued at about $3,966,000. Ninepoint Partners LP acquired a new stake in shares of Sunshine Silver Mining & Refining during the second quarter valued at about $9,254,000. Finally, Van ECK Associates Corp bought a new stake in shares of Sunshine Silver Mining & Refining during the second quarter worth about $13,373,000.

Sunshine Silver Mining & Refining Stock Up 0.9%

Shares of NYSE:SSMR opened at $18.80 on Tuesday. Sunshine Silver Mining & Refining has a 12 month low of $12.51 and a 12 month high of $19.37. The firm has a 50 day moving average price of $14.62.

Sunshine Silver Mining & Refining (NYSE:SSMR) last released its earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). As a group, research analysts expect that Sunshine Silver Mining & Refining will post -0.31 EPS for the current year.

About Sunshine Silver Mining & Refining

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.