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

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

A number of other brokerages have also recently issued reports on SSMR. Morgan Stanley assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued an “overweight” rating and a $23.00 target price 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 Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector outperform” rating and a $20.00 price objective for the company. Finally, Citigroup initiated coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Stock Performance

NYSE SSMR opened at $13.46 on Monday. 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, General Counsel Michelle H. Shepston acquired 5,000 shares of Sunshine Silver Mining & Refining stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, with a total value of $67,500.00. Following the purchase, the general counsel directly owned 5,000 shares in the company, valued at approximately $67,500. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $13.50, for a total value of $7,499,992.50. Following the sale, the insider directly owned 24,758,995 shares of the company’s stock, valued at $334,246,432.50. The trade was a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired a total of 59,565 shares of company stock worth $804,128 over the last three months.