Sunshine Silver Mining & Refining Company (NYSE:SSMR) Stock Has Consensus Price Target of $19.08 According to Analysts

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.58.

A number of equities research analysts recently weighed in on SSMR shares. BMO Capital Markets started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “outperform” rating and a $16.50 price target on the stock. Scotiabank lifted their price objective on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group began coverage on shares of Sunshine Silver Mining & Refining in a research report on Tuesday, August 18th. They set a “speculative buy” rating and a $20.00 price objective for the company. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, August 31st. They issued a “sell (d)” rating on the stock.

Institutional Trading of Sunshine Silver Mining & Refining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi acquired a new position in Sunshine Silver Mining & Refining in the 2nd quarter valued at about $17,259,000. Groupe la Francaise bought a new position in Sunshine Silver Mining & Refining in the 2nd quarter valued at about $3,969,000. Moore Capital Management LP bought a new position in Sunshine Silver Mining & Refining in the 2nd quarter valued at about $3,966,000. Ninepoint Partners LP acquired a new stake in Sunshine Silver Mining & Refining during the second quarter worth approximately $9,254,000. Finally, Van ECK Associates Corp acquired a new stake in Sunshine Silver Mining & Refining during the second quarter worth approximately $13,373,000.

Sunshine Silver Mining & Refining Stock Performance

NYSE:SSMR opened at $14.93 on Wednesday. The company has a 50 day simple moving average of $16.45. Sunshine Silver Mining & Refining has a 12-month low of $12.51 and a 12-month high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its earnings results on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Equities research analysts predict that Sunshine Silver Mining & Refining will post -0.44 EPS for the current fiscal year.

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.