Citigroup Reiterates Buy Rating for Sunshine Silver Mining & Refining
Citigroup reaffirms its buy rating on Sunshine Silver Mining & Refining with an $18 price target, a 36.16% upside from the current price.
Key Points
- Citigroup reiterated its buy rating for Sunshine Silver Mining & Refining Company (SSMR) with a price target of $18 on June 29, 2026.
- Citigroup's $18 price target implies 36.16% upside from Sunshine Silver Mining & Refining Company's ($SSMR) current $13.22 share price.
- Shares of SSMR traded at $13.42 on Wednesday, with a market cap of about $1.9 billion and a 52-week range of $12.56 to $17.15.
- Morgan Stanley and Scotiabank also initiated buy ratings, with targets of $23 and $20 respectively, reflecting optimism among analysts.
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Citigroup reiterated its buy rating for Sunshine Silver Mining & Refining Company (NYSE:SSMR) on June 29, 2026. The firm set a price target of $18, reaffirming its positive outlook on the company's shares.
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Analysts Set New Price Targets
On June 29, 2026, Citigroup's analyst Alexander Hacking reiterated a buy rating on Sunshine Silver Mining & Refining with a target price of $18. Other analysts are also optimistic about the stock. Morgan Stanley initiated coverage with a buy rating and a $23 price target, while Scotiabank set a buy rating with a $20 target. BMO Capital also joined the ranks with a buy rating and a $16.5 target.
Sunshine Silver Mining & Refining Company Stock Down 27.2%
Shares of Sunshine Silver Mining & Refining Company traded at $13.42 on Wednesday. The company has a market cap of approximately $1.9 billion. The stock has experienced a 52-week low of $12.56 and a high of $17.15. Its 50-day and 200-day moving averages are both around $14.19. The company has a current ratio of 2.704 and a quick ratio of 2.32, with a debt-to-equity ratio of 0.916.
$SSMR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
About Sunshine Silver Mining & Refining Company
Sunshine Silver Mining & Refining Company operates as a silver mining company in the United States. It owns and develops the Sunshine Mine and the Sunshine Silver/Copper Refinery, as well as related facilities in Idaho's Silver Valley. Founded in 2010, the company is headquartered in Kellogg, Idaho, and is led by CEO Heather Eileen White. With 95 employees, Sunshine Silver focuses on silver mining and refining operations.
Bottom Line
Citigroup's reiteration of its buy rating for Sunshine Silver Mining & Refining Company highlights ongoing analyst confidence in the company's prospects. Despite its current challenges, reflected in its negative earnings, the stock's trading range and analyst targets suggest potential growth. Investors often watch such ratings closely, although it's important to remember that these recommendations are based on past data and projections.
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