Sunshine Silver Mining & Refining (NYSE:SSMR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Sunshine Silver Mining & Refining (NYSE:SSMR) from a sell rating to a hold rating in a research note published on Saturday.

Other analysts have also issued research reports about the company. Citigroup began coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued a “buy” rating and a $18.00 price target for the company. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “outperform” rating and a $16.50 price objective on the stock. Morgan Stanley initiated coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “overweight” rating and a $23.00 price objective on the stock. Zacks Research raised Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Finally, Scotiabank upped their target price on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.70.

Sunshine Silver Mining & Refining Stock Up 0.4%

Shares of SSMR stock opened at $14.42 on Friday. Sunshine Silver Mining & Refining has a one year low of $12.51 and a one year high of $17.15.

Insider Buying and Selling at Sunshine Silver Mining & Refining

In other Sunshine Silver Mining & Refining news, Director Anna El-Erian purchased 40,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated 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 acquisition, the director owned 48,929 shares in the company, valued at $660,541.50. This trade represents a 447.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michelle H. Shepston purchased 5,000 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $13.50 per share, with a total value of $67,500.00. Following the transaction, the general counsel directly owned 5,000 shares in the company, valued at approximately $67,500. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 59,565 shares of company stock worth $804,128.