Sunshine Silver Mining & Refining (NYSE:SSMR) Rating Increased to Strong-Buy at BMO Capital Markets

Sunshine Silver Mining & Refining (NYSE:SSMR) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Citigroup assumed coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued a “buy” rating and a $18.00 price target on the stock. Scotiabank began coverage on shares of Sunshine Silver Mining & Refining in a report on Monday. They set a “sector outperform” rating and a $20.00 price objective on the stock. Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set a “sector perform” rating and a $15.00 target price for the company. Morgan Stanley initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued an “overweight” rating and a $23.00 price objective for the company. Finally, Wall Street Zen raised Sunshine Silver Mining & Refining to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.50.

Sunshine Silver Mining & Refining Stock Performance

NYSE:SSMR opened at $13.42 on Monday. Sunshine Silver Mining & Refining has a 12-month low of $12.56 and a 12-month high of $17.15.

Insider Buying and Selling

In related news, General Counsel Michelle H. Shepston purchased 5,000 shares of Sunshine Silver Mining & Refining stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $67,500.00. Following the transaction, the general counsel directly owned 5,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas Groh acquired 10,000 shares of the firm’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 completion of the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 59,565 shares of company stock worth $804,128 over the last 90 days.