Amundi Buys New Position in Sunshine Silver Mining & Refining Company $SSMR

Amundi bought a new stake in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,305,534 shares of the company’s stock, valued at approximately $17,259,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Groupe la Francaise acquired a new stake in shares of Sunshine Silver Mining & Refining in the 2nd quarter worth approximately $3,969,000. 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 acquired a new stake in Sunshine Silver Mining & Refining in the second quarter worth approximately $9,254,000. Finally, Van ECK Associates Corp acquired a new stake in Sunshine Silver Mining & Refining in the second quarter worth approximately $13,373,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group assumed coverage on Sunshine Silver Mining & Refining in a research report on Tuesday, August 18th. They set a “speculative buy” rating and a $20.00 price target on the stock. Royal Bank Of Canada initiated coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a “sector perform” rating and a $15.00 target price for the company. Scotiabank boosted their price target on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Morgan Stanley began coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, BMO Capital Markets started coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “outperform” rating and a $16.50 price objective for the company. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sunshine Silver Mining & Refining currently has a consensus rating of “Moderate Buy” and an average price target of $18.92.

Sunshine Silver Mining & Refining Price Performance

Shares of NYSE:SSMR opened at $16.86 on Friday. Sunshine Silver Mining & Refining Company has a 12-month low of $12.51 and a 12-month high of $19.61. The firm’s fifty day moving average is $15.70.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Equities analysts forecast that Sunshine Silver Mining & Refining Company will post -0.44 EPS for the current fiscal year.

Sunshine Silver Mining & Refining Company Profile

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.