SSR Mining (NASDAQ:SSRM) Price Target Raised to C$33.00 at National Bank Financial

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) had its price target increased by equities researchers at National Bank Financial from C$30.00 to C$33.00 in a research report issued on Wednesday, The Fly reports.

A number of other analysts have also weighed in on SSRM. StockNews.com assumed coverage on shares of SSR Mining in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, February 4th. Scotiabank boosted their price objective on shares of SSR Mining from C$31.00 to C$33.50 in a report on Tuesday. Canaccord Genuity Group increased their target price on SSR Mining from C$27.00 to C$29.00 in a research note on Friday, February 25th. Finally, TD Securities raised their price target on shares of SSR Mining from C$29.00 to C$33.00 in a report on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.93.

SSRM stock traded up $0.53 on Wednesday, reaching $24.27. 63,999 shares of the company traded hands, compared to its average volume of 1,889,020. The firm has a fifty day simple moving average of $21.07 and a 200-day simple moving average of $18.46. The company has a market cap of $5.16 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 6.30 and a beta of 0.97. SSR Mining has a one year low of $14.19 and a one year high of $24.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.64 and a quick ratio of 4.27.

SSR Mining (NASDAQ:SSRMGet Rating) (TSE:SSO) last released its earnings results on Wednesday, February 23rd. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $407.92 million during the quarter, compared to analysts’ expectations of $387.62 million. SSR Mining had a return on equity of 9.75% and a net margin of 19.78%. During the same period in the prior year, the company posted $0.50 earnings per share. On average, sell-side analysts forecast that SSR Mining will post 1.28 EPS for the current year.

In other SSR Mining news, CFO Alison Lynn White sold 4,223 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $22.07, for a total transaction of $93,201.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several large investors have recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in shares of SSR Mining during the 1st quarter valued at about $7,256,000. Norges Bank bought a new position in shares of SSR Mining in the fourth quarter worth approximately $44,132,000. BlackRock Inc. increased its stake in shares of SSR Mining by 1.8% in the fourth quarter. BlackRock Inc. now owns 9,907,479 shares of the basic materials company’s stock worth $175,362,000 after purchasing an additional 172,866 shares in the last quarter. Tobam bought a new stake in shares of SSR Mining during the 4th quarter valued at $538,000. Finally, Chartwell Investment Partners LLC bought a new stake in shares of SSR Mining during the 4th quarter valued at $3,378,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

SSR Mining Company Profile (Get Rating)

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, copper, lead, and zinc deposits. Its projects include the Ãöpler Gold mine located in Erzincan, Turkey; 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.

Featured Articles

The Fly logo

Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.