SSR Mining (TSE:SSRM) PT Lowered to C$32.50

SSR Mining (TSE:SSRMGet Rating) had its price objective cut by equities research analysts at National Bankshares from C$33.00 to C$32.50 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 27.35% from the company’s current price.

A number of other analysts have also recently commented on the company. TD Securities upped their price objective on SSR Mining from C$38.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. BMO Capital Markets began coverage on SSR Mining in a research report on Wednesday, May 4th. They issued a “buy” rating and a C$29.00 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a C$27.00 price target on shares of SSR Mining in a research report on Tuesday, February 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SSR Mining currently has a consensus rating of “Buy” and an average target price of C$30.44.

SSR Mining stock traded down C$0.70 during mid-day trading on Tuesday, reaching C$25.52. 325,975 shares of the stock traded hands, compared to its average volume of 481,041. The stock has a market capitalization of C$5.43 billion and a PE ratio of 12.10. The company has a debt-to-equity ratio of 12.17, a current ratio of 5.64 and a quick ratio of 4.15. SSR Mining has a 12-month low of C$18.08 and a 12-month high of C$31.00. The business’s 50-day moving average is C$27.88 and its 200-day moving average is C$24.20.

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 Çöpler 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.

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Analyst Recommendations for SSR Mining (TSE:SSRM)

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