--- title: "Scotiabank Raises Sunshine Silver Mining & Refining (NYSE:SSMR) Price Target to $21.00" type: "News" locale: "en" url: "https://longbridge.com/en/news/292664399.md" description: "Scotiabank raised its price target for Sunshine Silver Mining & Refining (NYSE:SSMR) from $20.00 to $21.00, maintaining a 'sector outperform' rating. This follows recent coverage from other analysts including Royal Bank of Canada, Morgan Stanley, and Citigroup, resulting in an average 'Moderate Buy' rating with a consensus target of $18.70. Meanwhile, CEO Heather White and Director Douglas Groh recently purchased shares, signaling insider confidence." datetime: "2026-07-14T18:36:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292664399.md) - [en](https://longbridge.com/en/news/292664399.md) - [zh-HK](https://longbridge.com/zh-HK/news/292664399.md) --- # Scotiabank Raises Sunshine Silver Mining & Refining (NYSE:SSMR) Price Target to $21.00 Sunshine Silver Mining & Refining (NYSE:SSMR - Get Free Report) had its price objective increased by stock analysts at Scotiabank from $20.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 60.31% from the stock's current price. A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada began coverage on shares of Sunshine Silver Mining & Refining in a research note on Monday, June 29th. They set a "sector perform" rating and a $15.00 target price on the stock. Zacks Research raised Sunshine Silver Mining & Refining to a "hold" rating in a report on Tuesday, June 30th. Morgan Stanley started coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set an "overweight" rating and a $23.00 price objective for the company. Wall Street Zen downgraded Sunshine Silver Mining & Refining from a "hold" rating to a "sell" rating in a report on Saturday, July 4th. Finally, Citigroup initiated coverage on shares of Sunshine Silver Mining & Refining in a research report on Monday, June 29th. They set a "buy" rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.70. **Get Our Latest Analysis on SSMR** ## Sunshine Silver Mining & Refining Stock Down 0.5% NYSE:SSMR traded down $0.06 during trading hours on Tuesday, hitting $13.10. The company's stock had a trading volume of 29,780 shares, compared to its average volume of 232,729. Sunshine Silver Mining & Refining has a twelve month low of $12.51 and a twelve month high of $17.15. ## Insiders Place Their Bets In related news, CEO Heather Eileen White acquired 2,000 shares of the company's stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $27,000.00. Following the purchase, the chief executive officer owned 2,000 shares in the company, valued at approximately $27,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Groh bought 10,000 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of $13.50 per share, with a total value of $135,000.00. Following the acquisition, the director owned 143,929 shares of the company's stock, valued at $1,943,041.50. The trade was a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 59,565 shares of company stock worth $804,128 in the last three months. ## See Also - Five stocks we like better than Sunshine Silver Mining & Refining - Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet - 3 Overlooked Energy ETFs Delivering Strong Returns and Income - 3 Space Stocks That Could Outshine SpaceX After Its IPO - JPMorgan’s Q2 Strength Gives the Stock Rally New Support _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Sunshine Silver Mining & Refining Right Now? Before you consider Sunshine Silver Mining & Refining, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sunshine Silver Mining & Refining wasn't on the list. While Sunshine Silver Mining & Refining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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