Sunshine Silver Mining & Refining (NYSE:SSMR) Now Covered by Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of Sunshine Silver Mining & Refining (NYSE:SSMR) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 69.74% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued an “outperform” rating and a $16.50 price objective for the company. Scotiabank began coverage on Sunshine Silver Mining & Refining in a research note on Monday. They set an “outperform” rating and a $20.00 target price on the stock. Citigroup started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sunshine Silver Mining & Refining currently has a consensus rating of “Moderate Buy” and an average target price of $19.83.

Sunshine Silver Mining & Refining Stock Performance

Shares of NYSE SSMR opened at $13.55 on Monday. Sunshine Silver Mining & Refining has a 52-week low of $12.56 and a 52-week high of $17.15.

Insider Buying and Selling

In other news, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michelle H. Shepston purchased 5,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, with a total value of $67,500.00. Following the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $67,500. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 59,565 shares of company stock valued at $804,128 in the last 90 days.