Sunshine Silver Mining & Refining (NYSE:SSMR) Raised to “Hold” at Wall Street Zen

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price objective for the company. BMO Capital Markets assumed coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set an “outperform” rating and a $16.50 target price for the company. Scotiabank lifted their target price on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley assumed coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Sunshine Silver Mining & Refining presently has a consensus rating of “Moderate Buy” and an average target price of $18.70.

Sunshine Silver Mining & Refining Trading Up 0.2%

Shares of NYSE:SSMR opened at $14.42 on Friday. Sunshine Silver Mining & Refining has a 12 month low of $12.51 and a 12 month high of $17.15.

Insider Activity

In other Sunshine Silver Mining & Refining news, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $13.50, for a total value of $7,499,992.50. Following the transaction, the insider owned 24,758,995 shares of the company’s stock, valued at approximately $334,246,432.50. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Heather Eileen White acquired 2,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $13.50 per share, with a total value of $27,000.00. Following the transaction, the chief executive officer directly owned 2,000 shares in the company, valued at approximately $27,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 59,565 shares of company stock valued at $804,128 in the last ninety days.