Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Scotiabank began coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set a “sector outperform” rating and a $20.00 price objective for the company. Morgan Stanley initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday. They set an “overweight” rating and a $23.00 target price on the stock. Royal Bank Of Canada initiated coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They set a “sector perform” rating and a $15.00 target price on the stock. Citigroup assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They issued a “buy” rating and a $18.00 price target for the company. Finally, Wall Street Zen raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Price Performance

Shares of SSMR stock opened at $13.42 on Monday. Sunshine Silver Mining & Refining has a fifty-two week low of $12.56 and a fifty-two week high of $17.15.

Insiders Place Their Bets

In other Sunshine Silver Mining & Refining news, General Counsel Michelle H. Shepston acquired 5,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $13.50 per share, with a total value of $67,500.00. Following the completion of the purchase, the general counsel owned 5,000 shares of the company’s stock, valued at approximately $67,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Groh acquired 10,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $13.50 per share, with a total value of $135,000.00. Following the completion of the acquisition, the director directly owned 143,929 shares of the company’s stock, valued at approximately $1,943,041.50. The trade was a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 59,565 shares of company stock valued at $804,128.