SSR Mining (TSE:SSRM)‘s stock had its “buy” rating restated by investment analysts at Pi Financial in a note issued to investors on Thursday, BayStreet.CA reports. They currently have a C$26.00 target price on the stock. Pi Financial’s price target would indicate a potential upside of 11.83% from the stock’s current price.
Several other research firms have also recently issued reports on SSRM. Canaccord Genuity increased their price objective on SSR Mining from C$25.00 to C$27.00 in a research report on Wednesday. National Bank Financial cut their price objective on SSR Mining from C$28.50 to C$26.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$22.34.
TSE:SSRM traded down C$0.36 during trading hours on Thursday, hitting C$23.25. The company’s stock had a trading volume of 260,461 shares, compared to its average volume of 280,888. The business’s 50-day moving average is C$22.85 and its two-hundred day moving average is C$20.69. The company has a market capitalization of $2.89 billion and a PE ratio of 83.04. The company has a debt-to-equity ratio of 25.78, a quick ratio of 2.83 and a current ratio of 3.98. SSR Mining has a 52-week low of C$14.23 and a 52-week high of C$25.33.
In other SSR Mining news, Senior Officer W. John Decooman Jr. sold 19,817 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$24.00, for a total value of C$475,608.00. Following the completion of the transaction, the insider now owns 2,142 shares in the company, valued at C$51,408.
About SSR Mining
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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