SSR Mining Inc. (TSE: SSRM) Achieves Consensus Analyst ‘Buy’ Rating



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SSR Mining Inc. (TSE: SSRM) received an average “Buy” recommendation from the nine research companies currently covering the stock, MarketBeat.com reports. One investment analyst rated the stock with a keep recommendation and six gave the company a buy recommendation. The 12-month average price target among brokerage firms that updated their equity coverage in the past year is C $ 31.06.

A number of equity research analysts recently commented on the company. CIBC reaffirmed a “superior yield” rating and set a price target of C $ 32.50 for shares of SSR Mining in a research note on Monday, September 13. JPMorgan Chase & Co. raised its price target for SSR Mining from C $ 25.00 to C $ 26.00 and rated the stock “overweight” in a research note on Thursday, November 4th. Finally, National Bankshares reduced its target price on SSR Mining from C $ 33.00 to C $ 32.00 and established an “outperformance” rating for the company in a research note on Friday, November 5.

Actions of TSE SSRM traded down C $ 0.24 in the Friday noon session, reaching C $ 20.65. The stock had a trade volume of 273,791 shares, compared to its average volume of 339,489. The company’s 50-day simple moving average is C $ 22.51 and its 200-day simple moving average is CA $ 20.79. The company has a market capitalization of 4.37 billion Canadian dollars and a P / E ratio of 14.29. SSR Mining has a 52-week low at CA $ 17.29 and a 52-week high of CA $ 25.30. The company has a debt to equity ratio of 11.81, a current ratio of 6.39, and a rapid ratio of 4.20.

The company also recently announced a quarterly dividend, which was paid on Monday, December 13. Investors of record on Monday, December 13 received a dividend of $ 0.05 per share. The ex-dividend date was Friday, November 12. This represents an annualized dividend of $ 0.20 and a return of 0.97%. SSR Mining’s payout rate is currently 10.38%.

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About SSR Mining

SSR Mining Inc, along with its subsidiaries, is engaged in the acquisition, exploration, development and exploitation of precious metal resource properties in Turkey and the Americas. The company explores deposits of gold, silver, lead and zinc. Its projects include the Épler gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander counties, Nevada, United States; the Seabee gold mine located in Saskatchewan, Canada; and Puna’s operations in Jujuy, Argentina.

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Analyst Recommendations for SSR Mining (TSE: SSRM)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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