SSR Mining (TSE:SSRM) Shares Down 10.8% – Time to Sell?

SSR Mining Inc. (TSE:SSRM) fell 10.8% on Wednesday . The company traded as low as C$25.92 and last traded at C$27.25. 152,530 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 464,114 shares. The stock had previously closed at C$30.56.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSRM. Scotiabank raised SSR Mining from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$19.00 to C$39.00 in a research report on Thursday, October 23rd. TD Securities upped their price objective on SSR Mining from C$20.00 to C$24.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Finally, National Bankshares increased their target price on shares of SSR Mining from C$20.00 to C$24.75 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$29.25.

SSR Mining Trading Up 0.2%

The company has a debt-to-equity ratio of 11.04, a current ratio of 3.91 and a quick ratio of 3.80. The firm has a market cap of C$5.67 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 5.64 and a beta of 0.61. The firm’s fifty day moving average is C$31.35 and its 200-day moving average is C$22.35.

About SSR Mining

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard’s revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Pirquitas mine in Argentina.