Sunshine Silver Mining & Refining (NYSE:SSMR) Raised to “Hold” at Royal Bank Of Canada

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by research analysts at Royal Bank Of Canada to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on SSMR. Morgan Stanley began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set an “overweight” rating and a $23.00 price objective for the company. Wall Street Zen raised Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday. They issued an “outperform” rating and a $16.50 price objective for the company. Scotiabank assumed coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They set a “sector outperform” rating and a $20.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued a “buy” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Sunshine Silver Mining & Refining has a consensus rating of “Buy” and a consensus price target of $18.50.

Sunshine Silver Mining & Refining Stock Performance

Shares of SSMR opened at $13.46 on Monday. Sunshine Silver Mining & Refining has a 52-week low of $12.56 and a 52-week high of $17.15.

Insider Activity at Sunshine Silver Mining & Refining

In related news, Director Anna El-Erian bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, with a total value of $540,000.00. Following the transaction, the director directly owned 48,929 shares of the company’s stock, valued at approximately $660,541.50. This represents a 447.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the business’s stock in a transaction on 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 completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 59,565 shares of company stock valued at $804,128 in the last quarter.