Sunshine Silver Mining & Refining (NYSE:SSMR) Stock Price Expected to Rise, Scotiabank Analyst Says

Sunshine Silver Mining & Refining (NYSE:SSMR) had its price objective increased by stock analysts at Scotiabank from $20.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 60.31% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Morgan Stanley started coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “overweight” rating and a $23.00 target price for the company. Wall Street Zen cut Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued an “outperform” rating and a $16.50 target price for the company. Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a “sector perform” rating and a $15.00 price objective for the company. Finally, Zacks Research upgraded Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.70.

Sunshine Silver Mining & Refining Price Performance

NYSE:SSMR traded down $0.06 during trading hours on Tuesday, hitting $13.10. The stock had a trading volume of 29,780 shares, compared to its average volume of 232,729. Sunshine Silver Mining & Refining has a one year low of $12.51 and a one year high of $17.15.

Insider Transactions at Sunshine Silver Mining & Refining

In other news, Director Douglas Groh acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $13.50 per share, with a total value of $135,000.00. Following the transaction, the director owned 143,929 shares of the company’s stock, valued at $1,943,041.50. This trade represents a 7.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anna El-Erian purchased 40,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $540,000.00. Following the acquisition, 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. Over the last 90 days, insiders purchased 59,565 shares of company stock worth $804,128.