Groupe la Francaise acquired a new stake in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 300,000 shares of the company's stock, valued at approximately $3,969,000. Groupe la Francaise owned approximately 0.21% of Sunshine Silver Mining & Refining as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moore Capital Management LP bought a new stake in Sunshine Silver Mining & Refining during the 2nd quarter worth approximately $3,966,000. Ninepoint Partners LP bought a new position in shares of Sunshine Silver Mining & Refining in the second quarter worth approximately $9,254,000. Finally, Van ECK Associates Corp purchased a new stake in shares of Sunshine Silver Mining & Refining in the second quarter worth $13,373,000.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a "sector perform" rating and a $15.00 target price on the stock. Zacks Research upgraded Sunshine Silver Mining & Refining to a "hold" rating in a research report on Tuesday, June 30th. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an "outperform" rating and a $16.50 price objective for the company. Canaccord Genuity Group started coverage on Sunshine Silver Mining & Refining in a research report on Tuesday, August 18th. They set a "speculative buy" rating and a $20.00 target price for the company. Finally, Weiss Ratings initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They set a "sell (d)" rating on the stock. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.92.
Get Our Latest Stock Report on SSMR
Sunshine Silver Mining & Refining Stock Down 0.6%
Shares of Sunshine Silver Mining & Refining stock opened at $17.34 on Tuesday. The firm's 50-day moving average price is $15.45. Sunshine Silver Mining & Refining Company has a twelve month low of $12.51 and a twelve month high of $19.61.
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 for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Analysts anticipate that Sunshine Silver Mining & Refining Company will post -0.44 earnings per share for the current fiscal year.
Sunshine Silver Mining & Refining Company Profile
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Free Report)
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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