SSR Mining Inc. (TSE:SSRM – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$15.21 and last traded at C$15.26, with a volume of 217178 shares traded. The stock had previously closed at C$15.96.
Analyst Upgrades and Downgrades
SSRM has been the topic of several research reports. Royal Bank of Canada cut their price objective on shares of SSR Mining from C$22.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Desjardins set a C$22.75 price objective on shares of SSR Mining and gave the company a “buy” rating in a report on Tuesday, October 24th. Canaccord Genuity Group cut their price objective on shares of SSR Mining from C$26.50 to C$23.00 and set a “buy” rating on the stock in a report on Monday, July 24th. TD Securities cut their price objective on shares of SSR Mining from C$33.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, National Bankshares lowered their target price on shares of SSR Mining from C$23.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$22.68.
SSR Mining Stock Down 4.6 %
SSR Mining Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.84%. SSR Mining’s dividend payout ratio is currently 28.26%.
About SSR Mining
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 province, Turkey; the Marigold mine located in Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy province, Argentina.
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