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

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.58.

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Sunshine Silver Mining & Refining from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Citigroup assumed coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set a “buy” rating and a $18.00 target price on the stock. BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued an “outperform” rating and a $16.50 price target on the stock. Scotiabank lifted their target price on shares of 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, Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th.

Sunshine Silver Mining & Refining Stock Down 6.2%

Sunshine Silver Mining & Refining stock opened at $13.67 on Wednesday. Sunshine Silver Mining & Refining has a 52 week low of $12.51 and a 52 week high of $19.61. The stock’s fifty day simple moving average is $16.43.

Sunshine Silver Mining & Refining (NYSE:SSMR) last announced its quarterly earnings data 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 forecast that Sunshine Silver Mining & Refining will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

A number of hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Sunshine Silver Mining & Refining during the second quarter worth $318,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at $795,000. Groupe la Francaise bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $3,969,000. Moore Capital Management LP bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $3,966,000. Finally, Ninepoint Partners LP bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $9,254,000.

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.