Sunshine Silver Mining & Refining (NYSE:SSMR) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining (NYSE:SSMR) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley’s target price suggests a potential upside of 69.74% from the stock’s previous close.

A number of other analysts have also weighed in on SSMR. Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Saturday, June 13th. BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set an “outperform” rating and a $16.50 price target for the company. Scotiabank initiated coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Citigroup started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sunshine Silver Mining & Refining presently has a consensus rating of “Moderate Buy” and an average price target of $19.83.

Sunshine Silver Mining & Refining Price Performance

NYSE:SSMR opened at $13.55 on Monday. Sunshine Silver Mining & Refining has a fifty-two week low of $12.56 and a fifty-two week high of $17.15.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In related news, Director Douglas Groh purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the purchase, the director directly owned 143,929 shares of the company’s stock, valued at approximately $1,943,041.50. This represents a 7.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.50, for a total value of $7,499,992.50. Following the transaction, the insider directly owned 24,758,995 shares of the company’s stock, valued at approximately $334,246,432.50. This trade represents a 2.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 59,565 shares of company stock valued at $804,128.