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

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.50.

A number of equities analysts recently issued reports on the company. 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. Wall Street Zen raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. BMO Capital Markets initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued an “outperform” rating and a $16.50 price target on the stock. Morgan Stanley initiated coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set a “sector perform” rating and a $15.00 price objective for the company.

Sunshine Silver Mining & Refining Stock Up 1.3%

Shares of SSMR traded up $0.18 during mid-day trading on Monday, reaching $13.60. 6,028 shares of the company’s stock traded hands, compared to its average volume of 279,613. Sunshine Silver Mining & Refining has a 12 month low of $12.56 and a 12 month high of $17.15.

Insider Activity

In other news, CEO Heather Eileen White purchased 2,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $27,000.00. Following the completion of the acquisition, the chief executive officer owned 2,000 shares of the company’s stock, valued at approximately $27,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas Groh acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the purchase, the director owned 143,929 shares of the company’s stock, valued at $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. In the last ninety days, insiders have purchased 59,565 shares of company stock valued at $804,128.