Sunshine Silver Mining & Refining Company (NYSE:SSMR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.70.

Several research firms have recently issued reports on SSMR. 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. Wall Street Zen downgraded Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Royal Bank Of Canada assumed coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set a “sector perform” rating and a $15.00 price target on the stock. BMO Capital Markets assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued an “outperform” rating and a $16.50 price target for the company. Finally, Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Tuesday, June 30th.

Insider Transactions at Sunshine Silver Mining & Refining

In other news, Director Anna El-Erian purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, with a total value of $540,000.00. Following the purchase, the director owned 48,929 shares in the company, valued at approximately $660,541.50. This trade represents a 447.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Groh purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the acquisition, the director directly owned 143,929 shares in the company, valued at $1,943,041.50. The trade was a 7.47% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 59,565 shares of company stock worth $804,128.

Sunshine Silver Mining & Refining Trading Down 5.3%

Shares of NYSE SSMR opened at $14.16 on Friday. Sunshine Silver Mining & Refining has a 1-year low of $12.51 and a 1-year high of $17.15.