Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded by Scotiabank to “Strong-Buy” Rating

Scotiabank upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. BMO Capital Markets started coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued an “outperform” rating and a $16.50 price objective on the stock. Wall Street Zen raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. Citigroup assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 target price on the stock. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They issued a “sector perform” rating and a $15.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Sunshine Silver Mining & Refining in a research note on Monday. They set an “overweight” rating and a $23.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average 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 12-month low of $12.56 and a 12-month high of $17.15.

Insider Buying and Selling

In other news, Director Anna El-Erian purchased 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $540,000.00. Following the completion of the acquisition, the director owned 48,929 shares in the company, valued at $660,541.50. This trade represents a 447.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Groh acquired 10,000 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 $135,000.00. Following the completion of the transaction, the director directly owned 143,929 shares in the company, valued at $1,943,041.50. This represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 59,565 shares of company stock valued at $804,128 over the last 90 days.