Zacks Investment Research Downgrades SSR Mining (NASDAQ:SSRM) to Sell

Zacks Investment Research cut shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a hold rating to a sell rating in a research note published on Thursday, December 7th.

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. “

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada reissued an outperform rating on shares of SSR Mining in a research report on Thursday, September 7th. BMO Capital Markets began coverage on shares of SSR Mining in a research report on Friday, November 17th. They issued an outperform rating and a $12.50 price target on the stock. Finally, Scotiabank upgraded shares of SSR Mining from a sector perform rating to an outperform rating and set a $13.00 price target on the stock in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. SSR Mining currently has an average rating of Hold and a consensus price target of $12.38.

SSR Mining (NASDAQ SSRM) traded up $0.02 during mid-day trading on Thursday, hitting $8.79. 727,496 shares of the company traded hands, compared to its average volume of 699,528. The firm has a market cap of $1,051.00, a price-to-earnings ratio of 15.98 and a beta of -0.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.96 and a current ratio of 10.42. SSR Mining has a 1-year low of $7.80 and a 1-year high of $12.25.

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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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