Scotiabank Reiterates Buy Rating on Sunshine Silver Mining
Scotiabank maintains its buy recommendation for Sunshine Silver Mining with a $20 price target, a 51.29% upside from the current price.
Key Points
- Scotiabank reiterated its buy rating on Sunshine Silver Mining & Refining Company with a $20 price target on June 29, 2026.
- Scotiabank's $20 price target implies 51.29% upside from Sunshine Silver Mining & Refining Company's ($SSMR) current $13.22 share price.
- Shares of SSMR traded near $13.42 on Wednesday, with a market cap of approximately $1.9 billion.
- Morgan Stanley, Citigroup, and BMO Capital also initiated buy ratings with targets ranging from $16.5 to $23.
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Scotiabank has reiterated its buy rating on Sunshine Silver Mining & Refining Company (NYSE:SSMR) with a price target of $20. This reaffirmation came on June 29, 2026, as shares of the company traded near $13.42 on Wednesday.
Sunshine Silver Mining & Refining Company Stock Down 27.2%
Shares of Sunshine Silver Mining traded around $13.42 on Wednesday. The company, which operates in the Basic Materials sector, has a market cap of about $1.9 billion. Although not currently profitable, it has a forward P/E ratio of -43.34. The stock has seen a 52-week low of $12.56 and a high of $17.15. Its 50-day and 200-day moving averages are both approximately $14.19. The company maintains a current ratio of 2.70 and a quick ratio of 2.32, with a debt-to-equity ratio of 0.92.
$SSMR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 29, 2026, several analysts set new price targets for Sunshine Silver Mining. Morgan Stanley initiated coverage with a buy rating and a $23 target. Scotiabank also reiterated its buy rating with a target of $20. Citigroup joined in with a buy rating and a target of $18, while BMO Capital set a buy rating with a $16.5 target. The consensus among analysts is a buy rating, with an average target price of $19.38, based on four opinions.
About Sunshine Silver Mining & Refining Company
Sunshine Silver Mining & Refining Company is a silver mining business based in Kellogg, Idaho. It owns and develops the Sunshine Mine and associated facilities such as the Sunshine Silver/Copper Refinery. The company focuses on silver production in the United States and was founded in 2010. With a workforce of 95 employees, it operates in the Other Industrial Metals & Mining industry under the leadership of CEO Heather Eileen White.
Bottom Line
Scotiabank's decision to reaffirm its buy rating on Sunshine Silver Mining with a $20 target reflects continued confidence in the company's potential. Investors often track such analyst ratings to gauge market sentiment. It's important to remember that analyst ratings and price targets are based on projections and assumptions that may not reflect future performance.
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