Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded by Royal Bank Of Canada to “Hold” Rating

Royal Bank Of Canada upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Citigroup began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set a “buy” rating and a $18.00 price target for the company. Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Saturday, June 13th. Scotiabank began coverage on Sunshine Silver Mining & Refining in a research note on Monday. They set a “sector outperform” rating and a $20.00 target price for the company. BMO Capital Markets assumed coverage on Sunshine Silver Mining & Refining in a report on Monday. They issued an “outperform” rating and a $16.50 target price on the stock. Finally, Morgan Stanley began coverage on Sunshine Silver Mining & Refining in a report on Monday. They set an “overweight” rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $18.50.

Sunshine Silver Mining & Refining Trading Up 0.3%

SSMR opened at $13.46 on Monday. Sunshine Silver Mining & Refining has a twelve month low of $12.56 and a twelve month high of $17.15.

Insider Transactions at Sunshine Silver Mining & Refining

In other news, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the completion of the transaction, the insider directly owned 24,758,995 shares in the company, valued at approximately $334,246,432.50. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Heather Eileen White purchased 2,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of $13.50 per share, with a total value of $27,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,000 shares in the company, valued at $27,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 59,565 shares of company stock valued at $804,128.