Sunshine Silver Mining & Refining Company (NYSE:SSMR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate SSMR a “Moderate Buy”: Five of eight analysts recommend buying the stock, while two rate it a hold and one a sell. The average 12-month price target is $18.92, with individual targets ranging from $16.50 to $23.00.
• Institutional investors recently established sizable positions: Amundi, Van ECK Associates, Ninepoint Partners and other funds collectively acquired millions of dollars’ worth of shares during the second quarter.
• Recent performance remains mixed: Shares opened at $16.86, compared with a 52-week range of $12.51 to $19.61, while the company reported a quarterly loss of $0.13 per share—worse than the expected $0.07 loss.

Shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the firm, MarketBeat Ratings 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 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.9167.

A number of research firms have weighed in on SSMR. 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 for the company. Citigroup began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a "buy" rating and a $18.00 price objective on the stock. Scotiabank increased their target price on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Morgan Stanley began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They issued an "overweight" rating and a $23.00 target price for the company. Finally, BMO Capital Markets assumed 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 on the stock.

Institutional Trading of Sunshine Silver Mining & Refining

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

Sunshine Silver Mining & Refining Stock Performance

Shares of Sunshine Silver Mining & Refining stock opened at $16.86 on Friday. The firm 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Analysts predict that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current fiscal year.

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.

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