SSR Mining (TSE:SSRM) Trading 0.5% Higher

SSR Mining Inc. (TSE:SSRM) traded up 0.5% during trading on Thursday . The stock traded as high as C$7.56 and last traded at C$7.52. 316,309 shares traded hands during trading, a decline of 59% from the average session volume of 769,667 shares. The stock had previously closed at C$7.48.

Analyst Ratings Changes

SSRM has been the topic of several recent research reports. Desjardins lowered shares of SSR Mining from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$7.75 to C$6.75 in a research report on Thursday, February 29th. TD Securities downgraded shares of SSR Mining from a “buy” rating to a “hold” rating and cut their target price for the company from C$23.00 to C$7.00 in a research note on Wednesday, February 14th. Royal Bank of Canada downgraded shares of SSR Mining from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from C$6.00 to C$3.00 in a research note on Wednesday, February 21st. Finally, Scotiabank dropped their price objective on shares of SSR Mining from C$12.00 to C$6.00 in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$10.96.

SSR Mining Price Performance

The company has a debt-to-equity ratio of 7.94, a current ratio of 7.01 and a quick ratio of 3.80. The company has a 50-day simple moving average of C$6.30 and a two-hundred day simple moving average of C$11.95. The stock has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -11.68, a price-to-earnings-growth ratio of 5.64 and a beta of 0.86.

Insiders Place Their Bets

In other news, Director Rod Antal sold 52,066 shares of the firm’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$316,040.62. In related news, Director Rod Antal sold 52,066 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was 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 firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$6.07, for a total value of C$81,046.64. 1.00% of the stock is owned by corporate insiders.

SSR Mining Company Profile

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.