Scotiabank Research Analysts Cut Earnings Estimates for SSMR

Sunshine Silver Mining & Refining Company (NYSE:SSMR) – Stock analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Sunshine Silver Mining & Refining in a research note issued on Wednesday, August 19th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of ($0.33) for the year, down from their previous forecast of ($0.29). Scotiabank currently has a “Sector Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for Sunshine Silver Mining & Refining’s current full-year earnings is ($0.31) per share.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06).

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “outperform” rating and a $16.50 target price on the stock. Wall Street Zen cut shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “buy” rating and a $18.00 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.92.

Sunshine Silver Mining & Refining Stock Down 1.9%

NYSE:SSMR opened at $18.58 on Monday. The stock’s 50-day moving average price is $14.70. Sunshine Silver Mining & Refining has a 52-week low of $12.51 and a 52-week high of $19.61.

Institutional Investors Weigh In On Sunshine Silver Mining & Refining

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moore Capital Management LP acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter valued at approximately $3,966,000. Groupe la Francaise bought a new position in shares of Sunshine Silver Mining & Refining in the second quarter valued at $3,969,000. Ninepoint Partners LP acquired a new position in Sunshine Silver Mining & Refining during the second quarter worth $9,254,000. Finally, Van ECK Associates Corp acquired a new position in Sunshine Silver Mining & Refining during the second quarter worth $13,373,000.

Insiders Place Their Bets

In related news, Director Lawrence P. Radford bought 2,500 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $13.50 per share, with a total value of $33,750.00. Following the completion of the transaction, the director owned 11,429 shares in the company, valued at $154,291.50. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anna El-Erian bought 40,000 shares of the company’s 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 $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. Insiders have acquired 59,565 shares of company stock valued at $804,128 in the last quarter.

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.