SSR Mining Inc. (TSE:SSRM) Given Consensus Rating of “Hold” by Analysts

Shares of SSR Mining Inc. (TSE:SSRM) have been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$10.96.

SSRM has been the topic of a number of research reports. TD Securities lowered SSR Mining from a “buy” rating to a “hold” rating and cut their price target for the company from C$23.00 to C$7.00 in a report on Wednesday, February 14th. Royal Bank of Canada downgraded SSR Mining from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$6.00 to C$3.00 in a research report on Wednesday, February 21st. Scotiabank lowered their target price on SSR Mining from C$12.00 to C$6.00 in a research report on Wednesday, February 28th. Finally, Desjardins downgraded SSR Mining from a “buy” rating to a “hold” rating and lowered their target price for the company from C$7.75 to C$6.75 in a research report on Thursday, February 29th.

SSR Mining Trading Down 0.9 %

SSRM opened at C$7.31 on Monday. The stock has a market capitalization of C$1.48 billion, a P/E ratio of -11.25, a P/E/G ratio of 5.64 and a beta of 0.86. The firm’s fifty day simple moving average is C$6.42 and its 200 day simple moving average is C$11.47. SSR Mining has a 12 month low of C$5.10 and a 12 month high of C$23.71. The company has a current ratio of 7.01, a quick ratio of 3.80 and a debt-to-equity ratio of 7.94.

Insider Activity

In other news, Senior Officer Fady Adel Edward Farid sold 13,352 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total value of C$81,046.64. In other SSR Mining news, Senior Officer Fady Adel Edward Farid sold 13,352 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total transaction of C$81,046.64. Also, Director Rod Antal sold 52,066 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$6.07, for a total value of C$316,040.62. 1.00% of the stock is owned by company insiders.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.