SSR Mining - SSRM Stock Forecast, Price & News

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

SSR Mining Stock Down 2.2 %

SSRM Stock traded down $0.35 during midday trading on Monday, reaching $15.33. The company had a trading volume of 1,203,002 shares, compared to its average volume of 2,233,137. SSR Mining has a 1 year low of $14.19 and a 1 year high of $24.58. The company has a current ratio of 7.10, a quick ratio of 5.17 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.25 billion, a P/E ratio of 10.80, a PEG ratio of 5.24 and a beta of 0.91. The company has a 50 day moving average of $17.18 and a two-hundred day moving average of $19.35.

SSR Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.83%. SSR Mining's dividend payout ratio is currently 19.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SSRM shares. UBS Group started coverage on shares of SSR Mining in a research note on Tuesday, May 31st. They issued a "buy" rating and a $30.50 price objective for the company. TD Securities raised their price objective on shares of SSR Mining from C$38.00 to C$39.00 in a research note on Wednesday, May 4th. National Bank Financial decreased their price objective on shares of SSR Mining from C$32.50 to C$27.50 in a research note on Thursday, July 21st. Finally, Scotiabank raised their price objective on shares of SSR Mining from C$31.00 to C$33.50 in a research note on Tuesday, April 19th.

Insider Activity

In other news, COO Steward John Beckman sold 5,400 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $16.01, for a total transaction of $86,454.00. Following the transaction, the chief operating officer now owns 146,255 shares in the company, valued at approximately $2,341,542.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Steward John Beckman sold 5,400 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $16.01, for a total transaction of $86,454.00. Following the transaction, the chief operating officer now owns 146,255 shares in the company, valued at approximately $2,341,542.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rodney Antal sold 25,000 shares of the firm's stock in a transaction on Friday, June 10th. The shares were sold at an average price of $20.00, for a total transaction of $500,000.00. Following the transaction, the chief executive officer now owns 771,125 shares in the company, valued at approximately $15,422,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,670 shares of company stock worth $866,852. 0.51% of the stock is owned by corporate insiders.