Sunshine Silver Mining & Refining (NYSE:SSMR) Stock Gets Price Target Trim from Morgan Stanley

Sunshine Silver Mining & Refining (NYSE:SSMR – Free Report) had its price objective lowered by Morgan Stanley from $23.00 to $20.00 in a report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets initiated coverage on Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an “outperform” rating and a $16.50 price target on the stock. Royal Bank Of Canada boosted their target price on shares of Sunshine Silver Mining & Refining from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Zacks Research raised shares of Sunshine Silver Mining & Refining to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings assumed coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, August 31st. They issued a “sell (d)” rating on the stock. Finally, Scotiabank lifted their price target on shares of Sunshine Silver Mining & Refining from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunshine Silver Mining & Refining has a consensus rating of “Moderate Buy” and a consensus price target of $18.58.

Read Our Latest Report on SSMR

Sunshine Silver Mining & Refining Price Performance

Shares of Sunshine Silver Mining & Refining stock opened at $14.93 on Wednesday. The company has a 50-day moving average price of $16.45. Sunshine Silver Mining & Refining has a fifty-two week low of $12.51 and a fifty-two week high of $19.61.

Sunshine Silver Mining & Refining (NYSE:SSMR – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Equities research analysts anticipate that Sunshine Silver Mining & Refining will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi bought a new position in Sunshine Silver Mining & Refining during the 2nd quarter worth $17,259,000. Van ECK Associates Corp bought a new stake in Sunshine Silver Mining & Refining in the second quarter valued at $13,373,000. Ninepoint Partners LP bought a new stake in Sunshine Silver Mining & Refining in the second quarter valued at $9,254,000. Groupe la Francaise acquired a new position in shares of Sunshine Silver Mining & Refining during the second quarter valued at $3,969,000. Finally, Moore Capital Management LP acquired a new position in shares of Sunshine Silver Mining & Refining during the second quarter valued at $3,966,000.

Sunshine Silver Mining & Refining Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Sunshine Silver Mining & Refining (NYSE:SSMR)

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