Sunshine Silver Mining & Refining Company (SSMR) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Eight firms give Sunshine Silver Mining & Refining an average “Moderate Buy” rating, with five buys, two holds, and one sell. The average 12-month price target is $18.58.
• Institutional interest has increased: Several investment firms initiated new positions, including Amundi’s approximately $17.3 million stake and Groupe La Française’s roughly $4.0 million investment.
• Shares and earnings remain under pressure: SSMR opened at $12.31, near its 52-week low of $11.38, and its latest quarterly loss of $0.13 per share was worse than the expected $0.07 loss.

Sunshine Silver Mining & Refining Company (NYSE:SSMR - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.58.

A number of analysts have weighed in on SSMR shares. Scotiabank increased their price objective on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Sunshine Silver Mining & Refining from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Canaccord Genuity Group initiated coverage on Sunshine Silver Mining & Refining in a report on Tuesday, August 18th. They issued a "speculative buy" rating and a $20.00 target price on the stock. Weiss Ratings began coverage on Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They set a "sell (d)" rating for the company. Finally, Royal Bank Of Canada increased their price target on 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.

Hedge Funds Weigh In On Sunshine Silver Mining & Refining

Large investors have recently bought and sold shares of the company. BOKF NA purchased a new stake in shares of Sunshine Silver Mining & Refining in the third quarter valued at about $59,000. The Manufacturers Life Insurance Company purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $795,000. Squarepoint Ops LLC purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $318,000. Amundi purchased a new position in Sunshine Silver Mining & Refining during the second quarter worth about $17,259,000. Finally, Groupe la Francaise acquired a new stake in Sunshine Silver Mining & Refining in the second quarter valued at about $3,969,000.

Sunshine Silver Mining & Refining Price Performance

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

Sunshine Silver Mining & Refining (NYSE:SSMR - Get Free Report) last released its quarterly earnings results 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). As a group, sell-side analysts predict that Sunshine Silver Mining & Refining will post -0.44 EPS for the current 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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