Sunshine Silver Mining & Refining Company (NYSE:SSMR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of equities research analysts recently commented on SSMR shares. BMO Capital Markets started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued an “outperform” rating and a $16.50 target price on the stock. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a research note on Monday. They issued an “overweight” rating and a $23.00 price objective on the stock. Scotiabank initiated coverage on Sunshine Silver Mining & Refining in a report on Monday. They set an “outperform” rating and a $20.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector perform” rating and a $15.00 target price for the company. Finally, Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th.

Insider Transactions at Sunshine Silver Mining & Refining

In other Sunshine Silver Mining & Refining news, Director Lawrence P. Radford purchased 2,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $13.50 per share, with a total value of $33,750.00. Following the acquisition, the director owned 11,429 shares in the company, valued at approximately $154,291.50. The trade was a 28.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Groh acquired 10,000 shares of Sunshine Silver Mining & Refining stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $13.50 per share, for a total transaction 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. The trade was a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 59,565 shares of company stock worth $804,128.

Sunshine Silver Mining & Refining Trading Up 1.3%

SSMR stock traded up $0.18 during mid-day trading on Monday, hitting $13.60. The company had a trading volume of 6,028 shares, compared to its average volume of 279,613. Sunshine Silver Mining & Refining has a 12-month low of $12.56 and a 12-month high of $17.15.