Morgan Stanley Rates Sunshine Silver Mining & Refining (SSMR) buy
Morgan Stanley sets a $23 price target for Sunshine Silver Mining, a 73.98% upside from the current price.
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Morgan Stanley rated Sunshine Silver Mining & Refining Company ($SSMR) "buy" with a $23 price target on June 29, 2026.
Since the rating, $SSMR is up 8.1% after 1 week, up 1.5% after 1 month and down 13.7% to date (from the $13.42 close on Jun 29, 2026).
SSMR
Sunshine Silver Mining & Refining Company
Key Points
- On June 29, 2026, Morgan Stanley reiterated its buy rating for Sunshine Silver Mining with a price target of $23.
- Morgan Stanley's $23 price target implies 73.98% upside from Sunshine Silver Mining & Refining Company's ($SSMR) current $13.22 share price.
- Shares of NYSE:SSMR traded near $13.42 on Wednesday, with a market cap of approximately $1.9 billion.
- The company operates in the silver mining sector and has a forward P/E ratio of -43.34 due to negative earnings.
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Morgan Stanley reiterated its buy rating on Sunshine Silver Mining & Refining Company (NYSE:SSMR) on June 29, 2026. Analyst Carlos De Alba set a price target of $23 for the stock. This suggests confidence in the company's future performance despite its current challenges.
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Sunshine Silver Mining & Refining Company Stock Down 23.1%
Shares of NYSE:SSMR traded near $13.42 on Wednesday. Sunshine Silver Mining & Refining Company, with a market cap of about $1.9 billion, operates in the basic materials sector, specifically in other industrial metals and mining. The company has a forward P/E ratio of -43.34, reflecting its lack of profitability, and a beta of 0. The stock's 52-week range is between $12.56 and $17.15, with a 50-day moving average of $14.19 and a 200-day moving average of $14.19. The company maintains a current ratio of 2.70 and a quick ratio of 2.32, indicating solid liquidity, while its debt-to-equity ratio stands at 0.916.
$SSMR price target
Sunshine Silver Mining & Refining Company daily closes and this analyst's $23 target. Not advice.
Analysts Set New Price Targets
On June 29, 2026, multiple analysts weighed in on Sunshine Silver Mining. Morgan Stanley reiterated its buy rating with a $23 price target. Scotiabank also initiated coverage with a buy rating and a $20 target. Citigroup followed suit, setting a buy rating and an $18 target, while BMO Capital started with a buy rating and a $16.5 target. The consensus among four analysts is a buy, with a mean price target of $19.38.
About Sunshine Silver Mining & Refining Company
Sunshine Silver Mining & Refining Company is a silver mining enterprise based in Kellogg, Idaho. It owns and develops the Sunshine Mine and related facilities, including the Sunshine Silver/Copper Refinery. The company's primary asset, the Sunshine Complex, is located in Idaho's Silver Valley. Founded in 2010, the company is led by CEO Heather Eileen White and employs about 95 people. Despite its historical significance and resource potential, the company faces challenges with profitability.
Bottom Line
Morgan Stanley's reiteration of a buy rating with a $23 target reflects optimism for Sunshine Silver Mining despite its current financial hurdles. Investors keep an eye on such ratings to gauge market sentiment and potential future performance. However, it's important to remember that these are backward-looking assessments and may not reflect real-time changes in the company's circumstances.
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Source: Morgan Stanley's rating change on $SSMR (Jun 29, 2026). Written by software, not financial advice. How we make alerts