SSR Mining Inc. (TSE:SSRM) Receives C$28.67 Average PT from Analysts

SSR Mining Inc. (TSE:SSRMGet Rating) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$28.67.

SSRM has been the topic of a number of research analyst reports. TD Securities decreased their price objective on shares of SSR Mining from C$37.00 to C$36.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. National Bankshares cut their target price on shares of SSR Mining from C$27.50 to C$23.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 4th. Finally, UBS Group assumed coverage on shares of SSR Mining in a research report on Tuesday, May 31st. They set a “buy” rating and a C$30.50 target price on the stock.

Insider Transactions at SSR Mining

In other news, Senior Officer Stewart Beckman sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of C$18.32, for a total transaction of C$98,917.20. Following the completion of the transaction, the insider now directly owns 100,521 shares of the company’s stock, valued at approximately C$1,841,343.68.

SSR Mining Stock Up 1.4 %

SSRM opened at C$18.29 on Friday. The firm’s 50-day simple moving average is C$19.57 and its 200-day simple moving average is C$23.88. The company has a debt-to-equity ratio of 10.72, a quick ratio of 4.80 and a current ratio of 7.10. SSR Mining has a twelve month low of C$17.01 and a twelve month high of C$31.00. The firm has a market cap of C$3.87 billion and a price-to-earnings ratio of 10.16.

SSR Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, September 6th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. SSR Mining’s dividend payout ratio is currently 13.33%.

About SSR Mining

(Get Rating)

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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Analyst Recommendations for SSR Mining (TSE:SSRM)

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