SSR Mining (TSE:SSRM) had its target price dropped by analysts at National Bank Financial from C$28.50 to C$26.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 37.06% from the stock’s previous close.
A number of other research firms also recently issued reports on SSRM. Pi Financial reaffirmed a “buy” rating and issued a C$26.00 price objective on shares of SSR Mining in a research note on Thursday, January 16th. Canaccord Genuity lifted their price objective on SSR Mining from C$25.00 to C$27.00 in a research note on Wednesday, January 15th.
TSE:SSRM opened at C$18.97 on Wednesday. The company has a debt-to-equity ratio of 25.38, a current ratio of 3.84 and a quick ratio of 2.74. SSR Mining has a 1 year low of C$12.12 and a 1 year high of C$25.57. The stock’s 50 day simple moving average is C$21.46 and its two-hundred day simple moving average is C$21.25. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 40.36.
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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