Sunshine Silver Mining & Refining (NYSE:SSMR) Stock Rating Upgraded by Canaccord Genuity Group

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by analysts at Canaccord Genuity Group to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

SSMR has been the topic of several other reports. BMO Capital Markets started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “outperform” rating and a $16.50 target price on the stock. Royal Bank Of Canada began coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price target for the company. Zacks Research raised Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley assumed 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. Finally, Wall Street Zen downgraded Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.92.

Sunshine Silver Mining & Refining Stock Performance

Shares of NYSE SSMR opened at $15.83 on Monday. The business has a 50 day moving average price of $14.35. Sunshine Silver Mining & Refining has a 52-week low of $12.51 and a 52-week high of $17.45.

Sunshine Silver Mining & Refining (NYSE:SSMR) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). On average, research analysts anticipate that Sunshine Silver Mining & Refining will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Heather Eileen White bought 2,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $27,000.00. Following the purchase, the chief executive officer owned 2,000 shares in the company, valued at approximately $27,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider owned 24,758,995 shares of the company’s stock, valued at approximately $334,246,432.50. This represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 59,565 shares of company stock valued at $804,128 in the last ninety days.

Institutional Trading of Sunshine Silver Mining & Refining

An institutional investor recently bought a new stake in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP acquired a new position in Sunshine Silver Mining & Refining Company (NYSE:SSMR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining accounts for approximately 0.7% of Ninepoint Partners LP’s portfolio, making the stock its 23rd largest holding. Ninepoint Partners LP owned about 0.50% of Sunshine Silver Mining & Refining at the end of the most recent reporting period.

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.