Sunshine Silver Mining & Refining (NYSE:SSMR) Price Target Raised to $21.00

Sunshine Silver Mining & Refining (NYSE:SSMR) had its target price increased by Scotiabank from $20.00 to $21.00 in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a sector outperform rating on the stock.

Several other research firms also recently weighed in on SSMR. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. BMO Capital Markets started 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 target price on the stock. Zacks Research upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Royal Bank Of Canada started 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.70.

Sunshine Silver Mining & Refining Trading Down 0.2%

NYSE:SSMR opened at $13.21 on Tuesday. Sunshine Silver Mining & Refining has a 1 year low of $12.51 and a 1 year high of $17.15.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In other news, Director Douglas Groh bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $13.50 per share, with a total value of $135,000.00. Following the completion of the purchase, the director directly owned 143,929 shares of the company’s stock, valued at $1,943,041.50. This represents a 7.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the business’s stock in a transaction dated 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 sale, the insider owned 24,758,995 shares in the company, valued at approximately $334,246,432.50. This trade represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 59,565 shares of company stock valued at $804,128.