Sunshine Silver Mining & Refining Company (NYSE:SSMR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.70.

Several equities analysts have commented on the company. Scotiabank upped their price target on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Zacks Research raised Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley began coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 price objective on the stock. Citigroup started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued a “sector perform” rating and a $15.00 target price for the company.

Sunshine Silver Mining & Refining Stock Performance

SSMR stock opened at $14.17 on Friday. Sunshine Silver Mining & Refining has a twelve month low of $12.51 and a twelve month high of $17.15. The business’s 50-day moving average price is $13.96.

Insider Buying and Selling

In other Sunshine Silver Mining & Refining news, General Counsel Michelle H. Shepston acquired 5,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $13.50 per share, with a total value of $67,500.00. Following the acquisition, the general counsel owned 5,000 shares of the company’s stock, valued at approximately $67,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the sale, the insider owned 24,758,995 shares in the company, valued at approximately $334,246,432.50. This trade represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 59,565 shares of company stock worth $804,128.