Brokerages Set Sunshine Silver Mining & Refining Company (NYSE:SSMR) PT at $18.70

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $18.70.

Several brokerages have recently weighed in on SSMR. Morgan Stanley initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 price target on the stock. Citigroup began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued a “buy” rating and a $18.00 price objective for the company. BMO Capital Markets assumed coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “outperform” rating and a $16.50 price objective for the company. Royal Bank Of Canada started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set a “sector perform” rating and a $15.00 target price on the stock. Finally, Zacks Research upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Tuesday, June 30th.

Insider Activity

In other Sunshine Silver Mining & Refining news, General Counsel Michelle H. Shepston acquired 5,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $13.50 per share, for a total transaction of $67,500.00. Following the completion of the transaction, the general counsel owned 5,000 shares of the company’s stock, valued at approximately $67,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence P. Radford acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, with a total value of $33,750.00. Following the purchase, the director directly owned 11,429 shares of the company’s stock, valued at $154,291.50. This trade represents a 28.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 59,565 shares of company stock worth $804,128.

Sunshine Silver Mining & Refining Stock Performance

Shares of NYSE SSMR opened at $14.42 on Friday. Sunshine Silver Mining & Refining has a 52 week low of $12.51 and a 52 week high of $17.15.