Sunshine Silver Mining & Refining Company (NYSE:SSMR) Sees Large Growth in Short Interest

Sunshine Silver Mining & Refining Company (NYSE:SSMR) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 534,522 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 488,206 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the shares of the stock are short sold.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In other Sunshine Silver Mining & Refining news, Director Lawrence P. Radford bought 2,500 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased 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 directly owned 11,429 shares in the company, valued at approximately $154,291.50. The trade was a 28.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anna El-Erian bought 40,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $540,000.00. Following the transaction, the director owned 48,929 shares of the company’s stock, valued at approximately $660,541.50. The trade was a 447.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 59,565 shares of company stock worth $804,128 over the last quarter.

Wall Street Analysts Forecast Growth

SSMR has been the topic of several research reports. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday. Scotiabank started coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday. They issued a “sector outperform” rating and a $20.00 price objective 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. Royal Bank Of Canada started 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. Finally, BMO Capital Markets began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set an “outperform” rating and a $16.50 price target for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Sunshine Silver Mining & Refining currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Price Performance

Shares of NYSE SSMR opened at $14.66 on Friday. Sunshine Silver Mining & Refining has a 1 year low of $12.56 and a 1 year high of $17.15.