Sunshine Silver Mining & Refining (NYSE:SSMR) Rating Increased to Hold at Zacks Research

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on SSMR. Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued an “overweight” rating and a $23.00 price target on the stock. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 price objective for the company. Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. Scotiabank initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set a “sector outperform” rating and a $20.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set a “sector perform” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Stock Performance

SSMR stock opened at $13.96 on Tuesday. Sunshine Silver Mining & Refining has a fifty-two week low of $12.56 and a fifty-two week high of $17.15.

Insider Activity at Sunshine Silver Mining & Refining

In related news, CEO Heather Eileen White purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $13.50 per share, with a total value of $27,000.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the sale, the insider directly owned 24,758,995 shares of the company’s stock, valued at $334,246,432.50. This represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders acquired a total of 59,565 shares of company stock worth $804,128 in the last quarter.