Sunshine Silver Mining & Refining (NYSE:SSMR – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06), FiscalAI reports.
Sunshine Silver Mining & Refining Trading Down 3.5%
SSMR traded down $0.57 during midday trading on Friday, hitting $15.67. 133,259 shares of the company were exchanged, compared to its average volume of 204,648. Sunshine Silver Mining & Refining has a 1-year low of $12.51 and a 1-year high of $17.45. The business has a 50 day moving average price of $14.26.
Analyst Ratings Changes
SSMR has been the topic of several research reports. Morgan Stanley assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set an “overweight” rating and a $23.00 price target on the stock. Scotiabank raised their target price on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a research note on Tuesday, June 30th. Citigroup assumed coverage on shares of Sunshine Silver Mining & Refining in a report on Monday, June 29th. They set a “buy” rating and a $18.00 price target for the company. Finally, Royal Bank Of Canada assumed 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 for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.70.
Insider Activity at Sunshine Silver Mining & Refining
In related news, Director Lawrence P. Radford bought 2,500 shares of Sunshine Silver Mining & Refining stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $33,750.00. Following the completion of the acquisition, the director directly owned 11,429 shares of the company’s stock, valued at approximately $154,291.50. The trade was a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.50, for a total transaction of $7,499,992.50. Following the sale, the insider directly owned 24,758,995 shares of the company’s stock, valued at $334,246,432.50. This represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased 59,565 shares of company stock valued at $804,128 over the last ninety days.
Hedge Funds Weigh In On Sunshine Silver Mining & Refining
An institutional investor recently bought a new position in Sunshine Silver Mining & Refining stock. Ninepoint Partners LP purchased a new position in shares of Sunshine Silver Mining & Refining Company (NYSE:SSMR – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 700,000 shares of the company’s stock, valued at approximately $9,254,000. Sunshine Silver Mining & Refining accounts for 0.7% of Ninepoint Partners LP’s portfolio, making the stock its 23rd largest holding. Ninepoint Partners LP owned 0.50% of Sunshine Silver Mining & Refining as of its most recent SEC filing.
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.
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