SSR Mining Inc. (TSE:SSRM) Receives C$35.36 Consensus Target Price 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 Ratings 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.
A number of brokerages have recently issued reports on SSRM. JPMorgan Chase & Co. reduced their price target on SSR Mining from C$26.00 to C$23.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 27th. Scotiabank reduced their price target on SSR Mining from C$39.50 to C$38.50 in a research report on Monday, January 11th.
In related news, Director Mike Arthur E. Anglin acquired 9,000 shares of the company’s stock in a transaction dated Tuesday, March 2nd. The shares were purchased at an average cost of C$18.60 per share, with a total value of C$167,389.20. Following the completion of the acquisition, the director now directly owns 44,000 shares of the company’s stock, valued at C$818,347.20.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 4th. SSR Mining’s dividend payout ratio (DPR) is presently 23.32%.
About SSR Mining
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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