Morgan Stanley Rates Sunshine Silver Mining & Refining (SSMR) buy

Morgan Stanley maintains its buy rating on SSMR, targeting a price of $23, a 71.39% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 2:03 PM EDT · Updated Jul 1, 2026, 2:01 AM EDT

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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

$11.58 -12.14% past 3 months

Daily close · Oct 16, 2026

Key Points

Morgan Stanley reiterated its buy rating on SSMR with a $23 price target on June 29, 2026.
Morgan Stanley's $23 price target implies 71.39% upside from Sunshine Silver Mining & Refining Company's ($SSMR) current $13.42 share price.
Shares of SSMR traded near $13.42 on Monday, June 29, 2026.
Scotiabank, Citigroup, and BMO Capital also initiated buy ratings with targets ranging from $16.5 to $20.

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Morgan Stanley has reiterated its buy rating on SSMR, setting a price target of $23. This reaffirmation was made on June 29, 2026, by analyst Carlos De Alba. Shares of SSMR traded near $13.42 on Monday, the same day the rating was announced.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +40.15% hypothetical

All-time return +36.50% S&P 500 +33.97%

vs. S&P 500 +2.53% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

On June 29, 2026, Morgan Stanley initiated coverage on SSMR with a buy rating and a price target of $23. Scotiabank followed suit, also initiating a buy rating but with a slightly lower target of $20. Citigroup joined the ranks with a buy rating and an $18 target, while BMO Capital set its buy target at $16.5. These ratings reflect a general positive sentiment among analysts.

Bottom Line

Morgan Stanley's reaffirmation of its buy rating on SSMR, with a $23 target, suggests confidence in the company's potential. Investors often watch such analyst ratings closely for insights into a stock's future performance. While these ratings provide valuable perspectives, they are just one of many factors investors consider when evaluating stocks.

12-month forecast