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 given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.9167.

A number of equities analysts have weighed in on the company. Canaccord Genuity Group began coverage on Sunshine Silver Mining & Refining in a research report on Tuesday, August 18th. They set a “speculative buy” rating and a $20.00 price target on the stock. Wall Street Zen cut Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Citigroup initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a “buy” rating and a $18.00 target price for the company. Scotiabank boosted 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. Finally, Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “overweight” rating and a $23.00 price target on the stock.

Sunshine Silver Mining & Refining Stock Up 0.2%

Shares of SSMR opened at $16.86 on Friday. The company has a 50-day moving average price of $15.70. Sunshine Silver Mining & Refining has a one year low of $12.51 and a one year high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). On average, research analysts forecast that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

Institutional investors and hedge funds have recently modified their holdings of the stock. Ninepoint Partners LP bought a new position in shares of Sunshine Silver Mining & Refining in the second quarter valued at about $9,254,000. Van ECK Associates Corp acquired a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth about $13,373,000. Moore Capital Management LP bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth about $3,966,000. Groupe la Francaise bought a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth about $3,969,000. Finally, Amundi acquired a new position in Sunshine Silver Mining & Refining in the 2nd quarter valued at about $17,259,000.

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.