Sunshine Silver Mining & Refining (NYSE:SSMR) Rating Increased to Hold at Zacks Research

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a research note on Monday. They issued an “overweight” rating and a $23.00 price target for the company. Royal Bank Of Canada assumed coverage on Sunshine Silver Mining & Refining in a report on Monday. They set a “sector perform” rating and a $15.00 price objective on the stock. Scotiabank started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set a “sector outperform” rating and a $20.00 price objective on the stock. Finally, Citigroup started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Sunshine Silver Mining & Refining presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Stock Performance

Shares of SSMR stock opened at $13.96 on Tuesday. Sunshine Silver Mining & Refining has a twelve month low of $12.56 and a twelve month high of $17.15.

Insider Buying and Selling

In other Sunshine Silver Mining & Refining news, Director Anna El-Erian purchased 40,000 shares of the company’s stock in a transaction 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 completion of the purchase, the director owned 48,929 shares in the company, valued at $660,541.50. This represents a 447.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Groh bought 10,000 shares of the company’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 transaction, the director directly owned 143,929 shares in the company, valued at $1,943,041.50. This trade represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 59,565 shares of company stock worth $804,128 over the last three months.