SSR Mining (TSE:SSRM) Given New C$18.00 Price Target at National Bankshares

SSR Mining (TSE:SSRM) had its price objective upped by equities researchers at National Bankshares from C$14.25 to C$18.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 13.14% from the company’s previous close.

Separately, TD Securities upped their price objective on shares of SSR Mining from C$11.00 to C$13.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th.

SSR Mining Price Performance

SSRM opened at C$15.91 on Wednesday. The company has a quick ratio of 3.80, a current ratio of 3.91 and a debt-to-equity ratio of 11.04. SSR Mining has a 12 month low of C$5.37 and a 12 month high of C$16.32. The company has a fifty day simple moving average of C$13.16 and a 200 day simple moving average of C$10.08. The stock has a market cap of C$2.27 billion, a P/E ratio of -4.67, a P/E/G ratio of 5.64 and a beta of 0.94.

Insiders Place Their Bets

In other news, Director Rod Antal sold 52,076 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$14.09, for a total value of C$733,750.84. Also, Senior Officer Michael John Sparks sold 13,055 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$14.09, for a total value of C$183,944.95. Corporate insiders own 0.91% of the company’s stock.

SSR Mining Company Profile

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.