SSR Mining Inc (TSE:SSRM) shares were down 7.5% on Wednesday . The stock traded as low as C$12.15 and last traded at C$11.41. Approximately 577,875 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 206,117 shares. The stock had previously closed at C$12.34.

Several research analysts have weighed in on SSRM shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$14.00 target price on shares of SSR Mining in a research report on Friday, September 8th. Scotiabank raised SSR Mining from a “sector perform” rating to an “outperform” rating and set a C$16.00 target price on the stock in a research report on Tuesday, September 26th. Finally, Canaccord Genuity upped their target price on SSR Mining from C$20.00 to C$21.00 in a research report on Sunday, October 1st.

In other news, insider Jonathan Gilligan sold 45,400 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$5.83, for a total transaction of C$264,682.00. Also, insider Nadine June Block sold 16,867 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of C$5.83, for a total value of C$98,334.61. In the last three months, insiders have sold 87,267 shares of company stock worth $681,267.

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SSR Mining Company Profile

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 Pirquitas mine located in the province of Jujuy, northern Argentina; and the Seabee Gold Operation located near Laonil Lake, Saskatchewan.

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