SSR Mining Inc. (TSE:SSRM – Get Free Report)’s stock price shot up 0.5% during mid-day trading on Thursday . The company traded as high as C$7.56 and last traded at C$7.52. 316,309 shares were traded during trading, a decline of 59% from the average session volume of 769,667 shares. The stock had previously closed at C$7.48.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on SSRM. Desjardins downgraded SSR Mining from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$7.75 to C$6.75 in a report on Thursday, February 29th. TD Securities downgraded SSR Mining from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$23.00 to C$7.00 in a report on Wednesday, February 14th. Royal Bank of Canada downgraded SSR Mining from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from C$6.00 to C$3.00 in a report on Wednesday, February 21st. Finally, Scotiabank decreased their price target on SSR Mining from C$12.00 to C$6.00 in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$10.96.
Read Our Latest Stock Analysis on SSRM
SSR Mining Stock Performance
Insider Activity
In related news, Director Rod Antal sold 52,066 shares of SSR Mining stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total transaction of C$316,040.62. In related news, Director Rod Antal sold 52,066 shares of SSR Mining stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total transaction of C$316,040.62. Also, Senior Officer Fady Adel Edward Farid sold 13,352 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total value of C$81,046.64. Insiders own 1.00% of the company’s stock.
About SSR Mining
SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.
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