Shares of SSR Mining Inc. (TSE:SSRM - Get Free Report) were up 7% on Monday . The stock traded as high as C$17.47 and last traded at C$17.38. 438,577 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 460,648 shares. The stock had previously closed at C$16.25.
Analysts Set New Price Targets
Several brokerages have issued reports on SSRM. TD Securities lifted their price target on SSR Mining from C$11.00 to C$13.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. National Bankshares upped their target price on SSR Mining from C$14.25 to C$18.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 19th.
Read Our Latest Stock Analysis on SSRM
SSR Mining Trading Up 3.2%
The stock's fifty day moving average price is C$14.91 and its 200 day moving average price is C$12.96. The stock has a market cap of C$2.48 billion, a P/E ratio of -5.12, a PEG ratio of 5.64 and a beta of 0.94. The company has a current ratio of 3.91, a quick ratio of 3.80 and a debt-to-equity ratio of 11.04.
Insiders Place Their Bets
In related news, Senior Officer Michael John Sparks sold 13,055 shares of SSR Mining stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$14.09, for a total transaction of C$183,944.95. Also, Director Rod Antal sold 52,076 shares of SSR Mining stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$14.09, for a total value of C$733,750.84. Insiders own 0.91% of the company's stock.
About SSR Mining
(
Get Free Report)
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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