Sunshine Silver Mining & Refining (NYSE:SSMR) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Sunshine Silver Mining & Refining (NYSE:SSMR) from a hold rating to a sell rating in a research note published on Saturday.

Several other research firms have also recently issued reports on SSMR. Royal Bank Of Canada initiated coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price target on the stock. 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. Morgan Stanley began coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price on the stock. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “outperform” rating and a $16.50 price objective for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.70.

Sunshine Silver Mining & Refining Trading Down 2.4%

Shares of SSMR opened at $15.85 on Friday. The firm has a 50 day simple moving average of $14.30. Sunshine Silver Mining & Refining has a 52-week low of $12.51 and a 52-week high of $17.45.

Sunshine Silver Mining & Refining (NYSE:SSMR) last released 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). Sell-side analysts expect that Sunshine Silver Mining & Refining will post -0.28 earnings per share for the current fiscal year.

Insider Activity at Sunshine Silver Mining & Refining

In related news, Director Lawrence P. Radford acquired 2,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $13.50 per share, with a total value of $33,750.00. Following the completion of the acquisition, the director owned 11,429 shares in the company, valued at $154,291.50. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas Groh bought 10,000 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the acquisition, the director owned 143,929 shares in the company, valued at $1,943,041.50. The trade was a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 59,565 shares of company stock valued at $804,128.

Institutional Trading of Sunshine Silver Mining & Refining

A hedge fund recently bought a new position in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP acquired a new position in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining makes up 0.7% of Ninepoint Partners LP’s holdings, making the stock its 23rd largest position. Ninepoint Partners LP owned about 0.50% of Sunshine Silver Mining & Refining as of its most recent filing with the Securities & Exchange Commission.

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.