SSR Mining (TSE:SSRM) Given New C$28.00 Price Target at National Bank Financial

SSR Mining (TSE:SSRM) had its price target boosted by equities research analysts at National Bank Financial from C$25.00 to C$28.00 in a note issued to investors on Thursday, September 5th, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 45.00% from the stock’s current price.

Separately, Pi Financial boosted their price target on SSR Mining from C$22.00 to C$24.50 in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. SSR Mining currently has a consensus rating of “Buy” and an average target price of C$21.34.

Shares of TSE:SSRM opened at C$19.31 on Thursday. The business has a fifty day simple moving average of C$21.39 and a 200-day simple moving average of C$17.97. SSR Mining has a 52 week low of C$11.02 and a 52 week high of C$23.42. The company has a quick ratio of 2.87, a current ratio of 4.02 and a debt-to-equity ratio of 26.17. The company has a market cap of $2.44 billion and a P/E ratio of 120.69.

In other SSR Mining news, Senior Officer W. John Decooman Jr. sold 19,817 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$22.50, for a total transaction of C$445,882.50. Following the sale, the insider now owns 2,142 shares in the company, valued at C$48,195. Also, Director Paul Benson sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$20.73, for a total value of C$1,036,350.00. Following the transaction, the director now directly owns 110,445 shares of the company’s stock, valued at C$2,289,193.52. In the last quarter, insiders sold 83,651 shares of company stock worth $1,765,095.

About SSR Mining

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include 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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