Ninepoint Partners LP bought a new position in Sunshine Silver Mining & Refining Company (NYSE:SSMR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 700,000 shares of the company's stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining comprises approximately 0.7% of Ninepoint Partners LP's investment portfolio, making the stock its 23rd biggest position. Ninepoint Partners LP owned approximately 0.50% of Sunshine Silver Mining & Refining at the end of the most recent reporting period.
Wall Street Analyst Weigh In
SSMR has been the topic of a number of recent analyst reports. Canaccord Genuity Group started coverage on shares of Sunshine Silver Mining & Refining in a research report on Tuesday. They issued a "speculative buy" rating and a $20.00 price target on the stock. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued a "buy" rating and a $18.00 target price on the stock. BMO Capital Markets began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an "outperform" rating and a $16.50 target price on the stock. Morgan Stanley started coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an "overweight" rating and a $23.00 price target for the company. Finally, Scotiabank raised their price target on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.92.
Get Our Latest Analysis on SSMR
Insider Buying and Selling
In other news, Director Douglas Groh acquired 10,000 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $13.50 per share, with a total value of $135,000.00. Following the acquisition, the director owned 143,929 shares of the company's stock, valued at $1,943,041.50. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Heather Eileen White acquired 2,000 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $27,000.00. Following the completion of the transaction, the chief executive officer owned 2,000 shares of the company's stock, valued at $27,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 59,565 shares of company stock worth $804,128.
Sunshine Silver Mining & Refining Price Performance
Shares of SSMR opened at $17.50 on Friday. The company's 50-day moving average is $14.47. Sunshine Silver Mining & Refining Company has a 52 week low of $12.51 and a 52 week high of $17.50.
Sunshine Silver Mining & Refining (NYSE:SSMR - Get Free Report) last released its 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). Equities analysts predict that Sunshine Silver Mining & Refining Company will post -0.28 EPS for the current 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.
Further Reading
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