Sunshine Silver Mining & Refining Company (NYSE:SSMR) Stock Has Average Target Price of $18.58 According to Analysts

Sunshine Silver Mining & Refining Company (NYSE:SSMR) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.58.

SSMR has been the topic of several research analyst reports. Weiss Ratings assumed coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, August 31st. They set a “sell (d)” rating on the stock. Scotiabank increased their price target on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Morgan Stanley reduced their price objective on shares of Sunshine Silver Mining & Refining from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th.

Sunshine Silver Mining & Refining Trading Down 7.0%

Sunshine Silver Mining & Refining stock opened at $12.31 on Friday. Sunshine Silver Mining & Refining has a 1-year low of $11.38 and a 1-year high of $19.61. The company has a 50 day simple moving average of $15.47.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BOKF NA acquired a new stake in shares of Sunshine Silver Mining & Refining during the 3rd quarter valued at approximately $59,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth approximately $795,000. Squarepoint Ops LLC acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $318,000. Amundi acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $17,259,000. Finally, Groupe la Francaise acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $3,969,000.

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.