SSR Mining (TSE:SSRM) Price Target Raised to C$24.50 at National Bank Financial

SSR Mining (TSE:SSRM) had its price target raised by research analysts at National Bank Financial from C$22.00 to C$24.50 in a research note issued on Friday, June 28th, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 18.36% from the stock’s previous close.

Several other research analysts have also recently weighed in on SSRM. BMO Capital Markets set a C$18.00 price target on shares of SSR Mining and gave the company an “outperform” rating in a report on Saturday, April 13th. Canaccord Genuity set a $22.00 price target on shares of Hibbett Sports and gave the company a “hold” rating in a report on Monday, March 25th. Pi Financial increased their price target on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a report on Monday, March 25th. Finally, B. Riley reissued a “buy” rating on shares of LiqTech International in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$20.14.

Shares of SSRM stock traded up C$0.23 on Friday, reaching C$20.70. The stock had a trading volume of 599,300 shares, compared to its average volume of 293,909. The company has a quick ratio of 2.99, a current ratio of 4.36 and a debt-to-equity ratio of 26.05. The stock’s 50-day moving average price is C$17.32. The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of 188.18. SSR Mining has a 12 month low of C$10.71 and a 12 month high of C$21.05.

In other news, Senior Officer W. John Decooman Jr. sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of C$18.50, for a total transaction of C$101,750.00. Following the transaction, the insider now directly owns 2,142 shares of the company’s stock, valued at C$39,627. Also, Senior Officer Gregory John Martin sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$16.92, for a total transaction of C$423,000.00. Following the transaction, the insider now directly owns 19,030 shares in the company, valued at C$321,987.60.

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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