Sunshine Silver Mining & Refining Company (NYSE:SSMR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Sunshine Silver Mining & Refining a “Moderate Buy” consensus: Four of six covering analysts recommend buying the stock, while two rate it a hold. The average 12-month price target is $18.92, above the reported $15.74 share price.
• Insider and institutional interest increased: Company insiders bought 59,565 shares worth approximately $804,128 during the last quarter, while Ninepoint Partners acquired 700,000 shares valued at about $9.25 million.
• Quarterly results fell short of expectations: The company reported a quarterly loss of $0.13 per share versus the consensus estimate of a $0.07 loss, and analysts expect a full-year loss of $0.28 per share.

Sunshine Silver Mining & Refining Company (NYSE:SSMR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.9167.

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Sunshine Silver Mining & Refining from a "hold" rating to a "sell" rating in a report on Saturday. Canaccord Genuity Group set a $20.00 price target on shares of Sunshine Silver Mining & Refining in a research note on Tuesday. Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set a "buy" rating and a $18.00 price objective for the company. Scotiabank lifted their price objective on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 14th. Finally, 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.

Insider Transactions at Sunshine Silver Mining & Refining

In related news, Director Anna El-Erian acquired 40,000 shares of Sunshine Silver Mining & Refining stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $13.50 per share, with a total value of $540,000.00. Following the completion of the purchase, the director directly owned 48,929 shares of the company's stock, valued at $660,541.50. The trade was a 447.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lawrence P. Radford acquired 2,500 shares of the firm's stock in a transaction on Friday, June 5th. The shares were bought at an average price of $13.50 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director owned 11,429 shares of the company's stock, valued at approximately $154,291.50. This trade represents a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 59,565 shares of company stock worth $804,128 in the last quarter.

Institutional Investors Weigh In On Sunshine Silver Mining & Refining

An institutional investor recently bought a new stake in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP bought a new stake in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR - Free Report) during the 2nd quarter, according to the company in its most recent Form 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 holding. Ninepoint Partners LP owned 0.50% of Sunshine Silver Mining & Refining at the end of the most recent quarter.

Sunshine Silver Mining & Refining Price Performance

Shares of Sunshine Silver Mining & Refining stock opened at $15.74 on Tuesday. The company's 50 day moving average price is $14.32. Sunshine Silver Mining & Refining has a 12 month low of $12.51 and a 12 month high of $17.45.

Sunshine Silver Mining & Refining (NYSE:SSMR - Get Free Report) last released 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). Research analysts predict that Sunshine Silver Mining & Refining will post -0.28 earnings per share 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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