Groupe la Francaise Invests $3.97 Million in Sunshine Silver Mining & Refining Company $SSMR

Groupe la Francaise bought a new stake in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 300,000 shares of the company’s stock, valued at approximately $3,969,000.

A number of other institutional investors have also recently made changes to their positions in SSMR. Moore Capital Management LP bought a new stake in Sunshine Silver Mining & Refining during the second quarter worth approximately $3,966,000. Ninepoint Partners LP bought a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter valued at approximately $9,254,000. Finally, Van ECK Associates Corp purchased a new position in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $13,373,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank increased their price target on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Citigroup assumed 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. Weiss Ratings assumed coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, August 31st. They set a “sell (d)” rating for the company. Finally, Canaccord Genuity Group initiated coverage on Sunshine Silver Mining & Refining in a report on Tuesday, August 18th. They issued a “speculative buy” rating and a $20.00 price target on the stock. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sunshine Silver Mining & Refining presently has a consensus rating of “Moderate Buy” and an average target price of $18.92.

Sunshine Silver Mining & Refining Trading Down 0.6%

NYSE SSMR opened at $17.34 on Tuesday. Sunshine Silver Mining & Refining Company has a 12 month low of $12.51 and a 12 month high of $19.61. The business has a 50-day moving average of $15.45.

Sunshine Silver Mining & Refining (NYSE:SSMR) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). As a group, equities research analysts anticipate that Sunshine Silver Mining & Refining Company will post -0.44 earnings per share for the current year.

About Sunshine Silver Mining & Refining

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.