Sunshine Silver Mining & Refining (NYSE:SSMR) Rating Increased to Strong-Buy at Scotiabank

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by Scotiabank to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

SSMR has been the topic of a number of other reports. Citigroup initiated coverage on Sunshine Silver Mining & Refining in a report on Monday. They set a “buy” rating and a $18.00 price target on the stock. Morgan Stanley began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set an “overweight” rating and a $23.00 price target on the stock. Wall Street Zen raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Saturday, June 13th. 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 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on Sunshine Silver Mining & Refining in a report on Monday. They set a “sector perform” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Trading Up 0.3%

Shares of SSMR opened at $13.46 on Monday. Sunshine Silver Mining & Refining has a twelve month low of $12.56 and a twelve month high of $17.15.

Insider Activity

In other Sunshine Silver Mining & Refining news, Director Lawrence P. Radford bought 2,500 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $33,750.00. Following the acquisition, the director directly owned 11,429 shares in the company, valued at approximately $154,291.50. This represents a 28.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anna El-Erian acquired 40,000 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $13.50 per share, with a total value of $540,000.00. Following the completion of the purchase, the director directly owned 48,929 shares in the company, valued at approximately $660,541.50. The trade was a 447.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 59,565 shares of company stock worth $804,128.