SSR Mining’s (SSRM) Outperform Rating Reiterated at National Bank Financial
SSR Mining (TSE:SSRM)‘s stock had its “outperform” rating reaffirmed by research analysts at National Bank Financial in a research report issued on Thursday. They presently have a C$13.25 price target on the stock. National Bank Financial’s target price suggests a potential upside of 24.53% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Canaccord Genuity raised their target price on shares of SSR Mining from C$20.00 to C$21.00 in a report on Monday, September 25th. BMO Capital Markets restated an “outperform” rating and issued a C$14.00 target price on shares of SSR Mining in a report on Friday, September 8th. Finally, Scotiabank upgraded shares of SSR Mining from a “sector perform” rating to an “outperform” rating and set a C$16.00 target price for the company in a report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. SSR Mining has a consensus rating of “Buy” and a consensus target price of C$15.68.
SSR Mining (SSRM) traded up C$0.53 during trading on Thursday, hitting C$10.64. 303,890 shares of the stock traded hands, compared to its average volume of 280,680. SSR Mining has a 12-month low of C$10.02 and a 12-month high of C$16.11.
In related news, insider Nadine June Block sold 16,867 shares of the firm’s 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. Also, insider Alan Nigel Pangbourne purchased 3,450 shares of SSR Mining stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of C$10.64 per share, for a total transaction of C$36,708.00. Insiders sold a total of 87,267 shares of company stock worth $681,267 in the last ninety days.
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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