Sunshine Silver Mining & Refining Company (SSMR) – What Are Investment Firms Thinking About This Stock?

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.58.

A number of analysts have weighed in on SSMR shares. Scotiabank increased 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. Wall Street Zen lowered Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Canaccord Genuity Group initiated coverage on Sunshine Silver Mining & Refining in a report on Tuesday, August 18th. They issued a “speculative buy” rating and a $20.00 target price on the stock. Weiss Ratings began coverage on Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They set a “sell (d)” rating for the company. Finally, Royal Bank Of Canada increased their price target on Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

Large investors have recently bought and sold shares of the company. BOKF NA purchased a new stake in shares of Sunshine Silver Mining & Refining in the third quarter valued at about $59,000. The Manufacturers Life Insurance Company purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $795,000. Squarepoint Ops LLC purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $318,000. Amundi purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $17,259,000. Finally, Groupe la Francaise acquired a new stake in Sunshine Silver Mining & Refining in the second quarter valued at about $3,969,000.

Sunshine Silver Mining & Refining Price Performance

Shares of NYSE:SSMR opened at $12.31 on Friday. Sunshine Silver Mining & Refining has a one year low of $11.38 and a one year high of $19.61. The company has a 50-day simple moving average of $15.47.

Sunshine Silver Mining & Refining (NYSE:SSMR) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). As a group, sell-side analysts predict that Sunshine Silver Mining & Refining will post -0.44 EPS for the current year.

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.