SSR Mining Inc. (TSE:SSRM) Receives Average Rating of “Buy” from Analysts
Shares of SSR Mining Inc. (TSE:SSRM) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$35.36.
SSRM has been the topic of several recent research reports. Scotiabank lowered their price target on shares of SSR Mining from C$39.50 to C$38.50 in a report on Monday, January 11th. JPMorgan Chase & Co. lowered their price target on shares of SSR Mining from C$26.00 to C$23.00 and set an “overweight” rating on the stock in a report on Tuesday, April 27th.
Shares of SSRM traded down C$0.67 during trading hours on Tuesday, reaching C$19.78. 637,921 shares of the company traded hands, compared to its average volume of 586,496. SSR Mining has a 12-month low of C$17.29 and a 12-month high of C$33.69. The company has a quick ratio of 3.90, a current ratio of 5.72 and a debt-to-equity ratio of 13.03. The stock has a market capitalization of C$4.36 billion and a P/E ratio of 18.45. The business has a fifty day moving average price of C$19.39 and a 200-day moving average price of C$22.22.
In related news, Director Mike Arthur E. Anglin purchased 9,000 shares of SSR Mining stock in a transaction that occurred on Tuesday, March 2nd. The stock was purchased at an average price of C$18.60 per share, for a total transaction of C$167,389.20. Following the transaction, the director now directly owns 44,000 shares in the company, valued at C$818,347.20.
SSR Mining Company Profile
SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, lead, and zinc deposits. Its projects include the ÃÃ¶pler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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