SSR Mining (SSRM) Upgraded at Zacks Investment Research

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “SSR Mining Inc. is a mining company. It focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. It principally serves electronics, coin fabrication, dentistry, jewelry, other industrial, technology, pharmaceuticals and solar energy markets. SSR Mining Inc, formerly known as Silver Standard Resources Inc, is based in Vancouver, Canada. “

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets started coverage on SSR Mining in a research report on Friday, November 17th. They issued an “outperform” rating and a $12.50 target price on the stock. Scotiabank upgraded SSR Mining from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research report on Monday, September 25th. National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research report on Wednesday, December 13th. Finally, BidaskClub raised SSR Mining from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.38.

SSR Mining (NASDAQ:SSRM) traded down $0.65 during trading hours on Wednesday, reaching $7.83. The company’s stock had a trading volume of 2,430,500 shares, compared to its average volume of 1,225,983. SSR Mining has a 12 month low of $7.75 and a 12 month high of $12.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.42 and a quick ratio of 7.96. The stock has a market capitalization of $935.57, a P/E ratio of 15.35 and a beta of -0.33.

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About SSR Mining

SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.

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