SSR Mining (SSRM) Rating Increased to Sell at BidaskClub

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets started coverage on shares of SSR Mining in a research note on Friday, November 17th. They issued an “outperform” rating and a $12.50 price target on the stock. National Bank Financial reaffirmed an “outperform market weight” rating on shares of SSR Mining in a research note on Wednesday, December 13th. Scotiabank raised shares of SSR Mining from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, September 25th. Finally, Credit Suisse Group raised shares of SSR Mining from a “neutral” rating to an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.38.

Shares of SSR Mining (SSRM) opened at $9.08 on Friday. SSR Mining has a 12 month low of $7.75 and a 12 month high of $12.25. The firm has a market cap of $1,083.35, a price-to-earnings ratio of 16.51 and a beta of -0.33. The company has a quick ratio of 7.96, a current ratio of 10.42 and a debt-to-equity ratio of 0.23.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). SSR Mining had a net margin of 14.10% and a return on equity of 7.08%. sell-side analysts expect that SSR Mining will post 0.58 EPS for the current year.

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About SSR Mining

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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