Short Interest in Sunshine Silver Mining & Refining Company (NYSE:SSMR) Rises By ?

Sunshine Silver Mining & Refining Company (NYSE:SSMR) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 534,522 shares, a growth of ? from the May 31st total of 0 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 488,206 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued an “overweight” rating and a $23.00 target price on the stock. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They issued a “buy” rating and a $18.00 target price for the company. Finally, Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They set a “sector perform” rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.50.

Insiders Place Their Bets

In other Sunshine Silver Mining & Refining news, Director Lawrence P. Radford purchased 2,500 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $33,750.00. Following the completion of the acquisition, the director owned 11,429 shares of the company’s stock, valued at $154,291.50. This represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Groh purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director directly owned 143,929 shares of the company’s stock, valued at $1,943,041.50. This trade represents a 7.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 59,565 shares of company stock valued at $804,128 over the last quarter.

Sunshine Silver Mining & Refining Stock Performance

NYSE SSMR traded up $1.00 on Thursday, reaching $14.66. The stock had a trading volume of 204,784 shares, compared to its average volume of 265,744. Sunshine Silver Mining & Refining has a 1 year low of $12.56 and a 1 year high of $17.15.