Sunshine Silver Mining & Refining Company (NYSE:SSMR) Stock Has Average Price Target of $19.08 According to Brokerages

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.58.

Several equities research analysts recently weighed in on SSMR shares. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set a “buy” rating and a $18.00 price objective for the company. Morgan Stanley dropped their target price on shares of Sunshine Silver Mining & Refining from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Royal Bank Of Canada increased their price target on shares of Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Scotiabank lifted their price objective on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th.

Sunshine Silver Mining & Refining Stock Up 2.1%

NYSE:SSMR opened at $14.93 on Wednesday. Sunshine Silver Mining & Refining has a fifty-two week low of $12.51 and a fifty-two week high of $19.61. The firm’s fifty day moving average is $16.45.

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). On average, research analysts expect that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Sunshine Silver Mining & Refining

A number of large investors have recently modified their holdings of SSMR. Squarepoint Ops LLC bought a new position in shares of Sunshine Silver Mining & Refining in the 2nd quarter valued at $318,000. The Manufacturers Life Insurance Company bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $795,000. Moore Capital Management LP acquired a new stake in Sunshine Silver Mining & Refining in the second quarter valued at about $3,966,000. Groupe la Francaise acquired a new stake in Sunshine Silver Mining & Refining in the second quarter valued at about $3,969,000. Finally, Ninepoint Partners LP bought a new position in Sunshine Silver Mining & Refining in the second quarter valued at about $9,254,000.

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.