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

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

A number of other analysts also recently issued reports on SSMR. BMO Capital Markets assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set an “outperform” rating and a $16.50 price target on the stock. Scotiabank began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They issued a “sector outperform” rating and a $20.00 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. Morgan Stanley assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set an “overweight” rating and a $23.00 target price on the stock. Finally, Citigroup began coverage on Sunshine Silver Mining & Refining in a research note on Monday. They issued a “buy” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sunshine Silver Mining & Refining currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Stock Performance

NYSE:SSMR opened at $13.96 on Tuesday. Sunshine Silver Mining & Refining has a 1-year low of $12.56 and a 1-year high of $17.15.

Insider Transactions at Sunshine Silver Mining & Refining

In related news, Director Lawrence P. Radford acquired 2,500 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, with a total value of $33,750.00. Following the completion of the acquisition, the director directly owned 11,429 shares in the company, valued at approximately $154,291.50. This trade represents a 28.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Groh acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the acquisition, the director owned 143,929 shares of the company’s stock, valued at approximately $1,943,041.50. This represents a 7.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 59,565 shares of company stock worth $804,128 in the last ninety days.