SSR Mining (TSE:SSRM) Shares Down 0.2% - Should You Sell?

Key Points

• Shares of SSR Mining Inc. (TSE:SSRM) decreased by 0.2%, closing at C$31.98, with a trading volume 12% below the average.
• Analyst reports indicate price target increases for SSR Mining, with National Bankshares raising their target from C$20.00 to C$24.75, and TD Securities elevating theirs from C$20.00 to C$24.00.
• SSR Mining has a market capitalization of C$6.48 billion and maintains a consensus rating of "Hold" among analysts, suggesting cautious sentiment surrounding the stock.

Shares of SSR Mining Inc. (TSE:SSRM - Get Free Report) dropped 0.2% on Tuesday . The company traded as low as C$31.86 and last traded at C$31.98. Approximately 409,087 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 463,355 shares. The stock had previously closed at C$32.05.

Analyst Upgrades and Downgrades

SSRM has been the topic of a number of analyst reports. National Bankshares increased their price objective 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. TD Securities increased their price objective on shares of SSR Mining from C$20.00 to C$24.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, SSR Mining currently has a consensus rating of "Hold" and an average price target of C$24.38.

SSR Mining Stock Performance

The stock has a market cap of C$6.48 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 5.64 and a beta of 0.02. The company has a debt-to-equity ratio of 11.04, a quick ratio of 3.80 and a current ratio of 3.91. The company's 50 day simple moving average is C$23.56 and its 200 day simple moving average is C$18.47.

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.

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