Sunshine Silver Mining & Refining Company (NYSE:SSMR) Short Interest Update

Sunshine Silver Mining & Refining Company (NYSE:SSMR) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 534,522 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily volume of 488,206 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are sold short.

Insiders Place Their Bets

In related news, CEO Heather Eileen White purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, with a total value of $27,000.00. Following the purchase, the chief executive officer owned 2,000 shares of the company’s stock, valued at $27,000. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence P. Radford purchased 2,500 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $33,750.00. Following the completion of the purchase, the director directly owned 11,429 shares of the company’s stock, valued at approximately $154,291.50. The trade was a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 59,565 shares of company stock valued at $804,128.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued a “sector perform” rating and a $15.00 target price on the stock. Scotiabank started coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set a “sector outperform” rating and a $20.00 price objective for the company. Morgan Stanley began coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They set an “overweight” rating and a $23.00 target price on the stock. BMO Capital Markets started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued an “outperform” rating and a $16.50 target price on the stock. Finally, Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Price Performance

SSMR traded up $0.62 during mid-day trading on Wednesday, hitting $13.84. 63,172 shares of the stock were exchanged, compared to its average volume of 264,711. Sunshine Silver Mining & Refining has a 1-year low of $12.56 and a 1-year high of $17.15.