Sunshine Silver Mining & Refining (NYSE:SSMR) Raised to “Hold” at Royal Bank Of Canada

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by investment analysts at Royal Bank Of Canada to a “hold” rating in a research note issued on Monday,Zacks.com reports.

SSMR has been the topic of a number of other reports. Scotiabank began coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “sector outperform” rating and a $20.00 price objective on the stock. BMO Capital Markets began 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. Wall Street Zen upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set a “buy” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sunshine Silver Mining & Refining has an average rating of “Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Price Performance

Shares of SSMR opened at $13.46 on Monday. Sunshine Silver Mining & Refining has a 1-year low of $12.56 and a 1-year high of $17.15.

Insiders Place Their Bets

In other news, CEO Heather Eileen White bought 2,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, with a total value of $27,000.00. Following the acquisition, the chief executive officer directly owned 2,000 shares in the company, valued at $27,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anna El-Erian acquired 40,000 shares of the business’s 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 $540,000.00. Following the acquisition, the director directly owned 48,929 shares of the company’s stock, valued at $660,541.50. This represents a 447.98% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 59,565 shares of company stock worth $804,128.