SSR Mining (SSRM) Stock Rating Lowered by Scotiabank
Scotiabank cut shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from an outperform rating to a sector perform rating in a research report report published on Tuesday, The Fly reports.
A number of other equities research analysts also recently commented on SSRM. Zacks Investment Research downgraded SSR Mining from a buy rating to a hold rating in a report on Saturday, September 30th. BidaskClub raised SSR Mining from a strong sell rating to a sell rating in a research note on Thursday, December 21st. National Bank Financial reaffirmed an outperform market weight rating on shares of SSR Mining in a research note on Wednesday, December 13th. Finally, BMO Capital Markets assumed coverage on SSR Mining in a research note on Friday, November 17th. They set an outperform rating and a $12.50 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. SSR Mining has a consensus rating of Hold and a consensus target price of $12.38.
SSR Mining (NASDAQ SSRM) traded up $0.11 during trading on Tuesday, reaching $7.94. The company’s stock had a trading volume of 1,467,628 shares, compared to its average volume of 1,260,500. SSR Mining has a 12 month low of $7.75 and a 12 month high of $12.25. The company has a current ratio of 10.42, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $961.66, a P/E ratio of 15.57 and a beta of -0.33.
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SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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