TD Securities Lowers SSR Mining (TSE:SSRM) Price Target to C$36.00

SSR Mining (TSE:SSRMGet Rating) had its price target dropped by stock analysts at TD Securities from C$37.00 to C$36.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 79.91% from the stock’s current price.

Other analysts also recently issued reports about the company. National Bankshares reduced their target price on SSR Mining from C$32.50 to C$27.50 and set a “sector perform” rating for the company in a report on Thursday, July 21st. UBS Group assumed coverage on SSR Mining in a report on Tuesday, May 31st. They issued a “buy” rating and a C$30.50 target price for the company. Finally, BMO Capital Markets initiated coverage on SSR Mining in a report on Wednesday, May 4th. They issued a “buy” rating and a C$29.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$29.25.

SSR Mining Stock Up 4.4 %

SSR Mining stock opened at C$20.01 on Wednesday. SSR Mining has a fifty-two week low of C$18.08 and a fifty-two week high of C$31.00. The company has a debt-to-equity ratio of 11.26, a quick ratio of 4.19 and a current ratio of 6.02. The company has a market capitalization of C$4.17 billion and a P/E ratio of 10.70. The stock has a 50-day simple moving average of C$22.73 and a 200-day simple moving average of C$24.67.

SSR Mining Company Profile

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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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