SSR Mining Inc. (TSE:SSRM) Receives C$10.96 Consensus Price Target from Analysts

SSR Mining Inc. (TSE:SSRM) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$10.96.

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

Insider Buying and Selling

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

SSR Mining Price Performance

TSE SSRM opened at C$7.40 on Monday. The firm’s fifty day simple moving average is C$6.37 and its two-hundred day simple moving average is C$11.68. The firm has a market capitalization of C$1.50 billion, a P/E ratio of -11.38, a P/E/G ratio of 5.64 and a beta of 0.86. The company has a current ratio of 7.01, a quick ratio of 3.80 and a debt-to-equity ratio of 7.94. SSR Mining has a 12-month low of C$5.10 and a 12-month high of C$23.71.

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.