Sunshine Silver Mining & Refining (NYSE:SSMR) Price Target Raised to $16.00

Sunshine Silver Mining & Refining (NYSE:SSMR) had its target price upped by Royal Bank Of Canada from $15.00 to $16.00 in a report released on Wednesday,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on the company. Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “overweight” rating and a $23.00 target price on the stock. 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. 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 target for the company. Finally, BMO Capital Markets initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an “outperform” rating and a $16.50 price objective on the stock. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.08.

Sunshine Silver Mining & Refining Price Performance

Shares of SSMR stock opened at $17.13 on Wednesday. The company has a 50 day moving average of $16.00. Sunshine Silver Mining & Refining has a 52 week low of $12.51 and a 52 week high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last posted its earnings results on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). On average, analysts predict that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Sunshine Silver Mining & Refining

Several large investors have recently added to or reduced their stakes in SSMR. Amundi acquired a new position in Sunshine Silver Mining & Refining during the 2nd quarter worth $17,259,000. Groupe la Francaise acquired a new position in shares of Sunshine Silver Mining & Refining during the second quarter valued at $3,969,000. Moore Capital Management LP acquired a new position in shares of Sunshine Silver Mining & Refining during the second quarter valued at $3,966,000. Ninepoint Partners LP bought a new stake in shares of Sunshine Silver Mining & Refining during the second quarter valued at about $9,254,000. Finally, Van ECK Associates Corp bought a new stake in shares of Sunshine Silver Mining & Refining during the second quarter valued at about $13,373,000.

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.