Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded to Moderate Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on the stock. Royal Bank Of Canada initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price objective for the company. Scotiabank boosted their target price on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an “outperform” rating and a $16.50 price target for the company. Wall Street Zen downgraded Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sunshine Silver Mining & Refining presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.92.

Sunshine Silver Mining & Refining Stock Down 1.1%

Sunshine Silver Mining & Refining stock opened at $15.83 on Monday. The business’s fifty day simple moving average is $14.35. Sunshine Silver Mining & Refining has a 52-week low of $12.51 and a 52-week high of $17.45.

Sunshine Silver Mining & Refining (NYSE:SSMR) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Equities research analysts anticipate that Sunshine Silver Mining & Refining will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In related news, CEO Heather Eileen White acquired 2,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $27,000.00. Following the acquisition, the chief executive officer owned 2,000 shares in the company, valued at $27,000. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the completion of the transaction, the insider owned 24,758,995 shares in the company, valued at approximately $334,246,432.50. This represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 59,565 shares of company stock valued at $804,128.

Institutional Trading of Sunshine Silver Mining & Refining

An institutional investor recently bought a new stake in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP purchased a new position in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining makes up about 0.7% of Ninepoint Partners LP’s investment portfolio, making the stock its 23rd largest holding. Ninepoint Partners LP owned approximately 0.50% of Sunshine Silver Mining & Refining as of its most recent SEC filing.

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.