Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) from a sell rating to a hold rating in a research note published on Saturday.

Several other research analysts have also recently issued reports on SSMR. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th. Citigroup initiated coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “buy” rating and a $18.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set a “sector perform” rating and a $15.00 target price on the stock. Morgan Stanley assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price on the stock. Finally, BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “outperform” rating and a $16.50 target price for the company. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Sunshine Silver Mining & Refining currently has a consensus rating of “Moderate Buy” and an average price target of $18.70.

Sunshine Silver Mining & Refining Price Performance

Sunshine Silver Mining & Refining stock opened at $15.04 on Friday. Sunshine Silver Mining & Refining has a twelve month low of $12.51 and a twelve month high of $17.15.

Insider Buying and Selling

In related news, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were 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 in the company, valued at $334,246,432.50. The trade was a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anna El-Erian acquired 40,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $540,000.00. Following the completion of the purchase, the director owned 48,929 shares in the company, valued at $660,541.50. The trade was a 447.98% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 59,565 shares of company stock valued at $804,128 in the last three months.