Sunshine Silver Mining & Refining Company (NYSE:SSMR) Receives $18.92 Consensus Price Target from Brokerages

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $19.0833.

SSMR has been the subject of several recent research reports. BMO Capital Markets initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “outperform” rating and a $16.50 price target for the company. Morgan Stanley initiated 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. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings started coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They set a “sell (d)” rating on the stock. Finally, Royal Bank Of Canada increased their target price on Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Wednesday.

Institutional Investors Weigh In On Sunshine Silver Mining & Refining

A number of institutional investors have recently bought and sold shares of SSMR. Amundi purchased a new stake in shares of Sunshine Silver Mining & Refining in the second quarter worth approximately $17,259,000. Van ECK Associates Corp purchased a new stake in Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $13,373,000. Ninepoint Partners LP purchased a new stake in Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $9,254,000. Groupe la Francaise acquired a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at $3,969,000. Finally, Moore Capital Management LP acquired a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at $3,966,000.

Sunshine Silver Mining & Refining Stock Performance

SSMR opened at $17.13 on Friday. The company has a fifty day moving average of $16.00. Sunshine Silver Mining & Refining has a 12-month low of $12.51 and a 12-month high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its quarterly 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). As a group, equities research analysts anticipate that Sunshine Silver Mining & Refining will post -0.44 EPS for the current fiscal year.

About Sunshine Silver Mining & Refining

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.