Van ECK Associates Corp Purchases Shares of 1,011,578 Sunshine Silver Mining & Refining Company $SSMR

Van ECK Associates Corp purchased a new position in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,011,578 shares of the company’s stock, valued at approximately $13,373,000.

Separately, Ninepoint Partners LP purchased a new stake in shares of Sunshine Silver Mining & Refining in the second quarter valued at $9,254,000.

Insider Activity at Sunshine Silver Mining & Refining

In other news, Director Douglas Groh acquired 10,000 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, with a total value of $135,000.00. Following the purchase, the director directly owned 143,929 shares of the company’s stock, valued at approximately $1,943,041.50. This trade represents a 7.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anna El-Erian bought 40,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $13.50 per share, with a total value of $540,000.00. Following the acquisition, the director directly owned 48,929 shares in the company, valued at approximately $660,541.50. This trade represents a 447.98% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 59,565 shares of company stock valued at $804,128 over the last three months.

Sunshine Silver Mining & Refining Price Performance

Shares of NYSE SSMR opened at $17.47 on Tuesday. The company’s fifty day moving average is $15.04. Sunshine Silver Mining & Refining Company has a 52-week low of $12.51 and a 52-week high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR) last issued its earnings results 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). As a group, sell-side analysts expect that Sunshine Silver Mining & Refining Company will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank upped their target price on Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They issued a “sector perform” rating and a $15.00 price target on the stock. Wall Street Zen downgraded shares of Sunshine Silver Mining & Refining from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. BMO Capital Markets initiated coverage on shares of 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. Finally, Canaccord Genuity Group assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Tuesday, August 18th. They set a “speculative buy” rating and a $20.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.92.

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.