National Bankshares Cuts SSR Mining (TSE:SSRM) Price Target to C$32.50

SSR Mining (TSE:SSRMGet Rating) had its target price reduced by National Bankshares from C$33.00 to C$32.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on SSRM. BMO Capital Markets assumed coverage on shares of SSR Mining in a research note on Wednesday, May 4th. They set a buy rating and a C$29.00 price target for the company. TD Securities raised their target price on shares of SSR Mining from C$38.00 to C$39.00 and gave the company a buy rating in a research note on Wednesday, May 4th. Finally, Royal Bank of Canada reissued an outperform rating and issued a C$27.00 target price on shares of SSR Mining in a research note on Tuesday, February 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$30.44.

Shares of SSR Mining stock opened at C$24.77 on Tuesday. The company has a debt-to-equity ratio of 12.17, a current ratio of 5.64 and a quick ratio of 4.15. The firm has a market cap of C$5.27 billion and a price-to-earnings ratio of 11.73. The stock’s 50-day moving average is C$27.77 and its 200-day moving average is C$24.35. SSR Mining has a one year low of C$18.08 and a one year high of C$31.00.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Investors of record on Thursday, June 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 12th. SSR Mining’s dividend payout ratio (DPR) is presently 10.42%.

SSR Mining Company Profile (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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