Sunshine Silver Mining & Refining Company (NYSE:SSMR) Stock Short Interest Report for September

Sunshine Silver Mining & Refining Company (NYSE:SSMR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,698,048 shares, a growth of 107.4% from the September 15th total of 1,300,688 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 945,156 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Ratings Changes

Several research firms have weighed in on SSMR. Zacks Research raised Sunshine Silver Mining & Refining to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday, August 31st. They set a “sell (d)” rating for the company. Canaccord Genuity Group initiated coverage on Sunshine Silver Mining & Refining in a research note on Tuesday, August 18th. They set a “speculative buy” rating and a $20.00 target price on the stock. Scotiabank lifted their target price on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley cut their price target on shares of Sunshine Silver Mining & Refining from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sunshine Silver Mining & Refining presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.58.

Institutional Trading of Sunshine Silver Mining & Refining

A number of large investors have recently bought and sold shares of SSMR. Squarepoint Ops LLC bought a new stake in shares of Sunshine Silver Mining & Refining in the second quarter valued at $318,000. The Manufacturers Life Insurance Company purchased a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter valued at $795,000. Moore Capital Management LP bought a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $3,966,000. Groupe la Francaise bought a new position in shares of Sunshine Silver Mining & Refining during the 2nd quarter worth $3,969,000. Finally, Ninepoint Partners LP purchased a new stake in Sunshine Silver Mining & Refining in the 2nd quarter worth about $9,254,000.

Sunshine Silver Mining & Refining Stock Down 6.2%

Sunshine Silver Mining & Refining stock opened at $13.67 on Wednesday. Sunshine Silver Mining & Refining has a twelve month low of $12.51 and a twelve month high of $19.61. The company’s 50 day moving average is $16.43.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). On average, equities analysts expect that Sunshine Silver Mining & Refining 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.