Sunshine Silver Mining & Refining (NYSE:SSMR) Downgraded to “Sell” Rating by Wall Street Zen

Sunshine Silver Mining & Refining (NYSE:SSMR) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms also recently issued reports on SSMR. Scotiabank started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They issued a “sector outperform” rating and a $20.00 target price on the stock. Royal Bank Of Canada started coverage on Sunshine Silver Mining & Refining in a research note on Monday. They issued a “sector perform” rating and a $15.00 price target for the company. Citigroup started coverage on Sunshine Silver Mining & Refining in a research report on Monday. They set a “buy” rating and a $18.00 price target on the stock. BMO Capital Markets began coverage on Sunshine Silver Mining & Refining in a research note on Monday. They set an “outperform” rating and a $16.50 price objective on the stock. Finally, Morgan Stanley started coverage on Sunshine Silver Mining & Refining in a report on Monday, June 29th. They issued an “overweight” rating and a $23.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Sunshine Silver Mining & Refining currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Sunshine Silver Mining & Refining Stock Performance

Shares of NYSE:SSMR opened at $14.66 on Friday. Sunshine Silver Mining & Refining has a one year low of $12.56 and a one year high of $17.15.

Insiders Place Their Bets

In other Sunshine Silver Mining & Refining news, CEO Heather Eileen White purchased 2,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $13.50 per share, with a total value of $27,000.00. Following the acquisition, the chief executive officer directly owned 2,000 shares of the company’s stock, valued at $27,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Real Assets Fund Lp Ospraie sold 555,555 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 24,758,995 shares in the company, valued at approximately $334,246,432.50. This represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 59,565 shares of company stock worth $804,128 in the last three months.