SSR Mining (SSRM) Receives “Buy” Rating from Canaccord Genuity

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SSR Mining (TSE:SSRM)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a C$21.50 price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 17.23% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Pi Financial raised shares of SSR Mining from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$20.00 to C$22.00 in a report on Monday. B. Riley reissued a “neutral” rating and set a C$14.70 price target on shares of SSR Mining in a report on Friday, March 1st. National Bank Financial reissued an “outperform” rating and set a C$21.00 price target on shares of SSR Mining in a report on Tuesday, March 19th. Finally, BMO Capital Markets set a C$18.00 price target on shares of SSR Mining in a report on Monday, February 25th.

SSRM stock opened at C$18.34 on Monday. The firm has a market capitalization of $2.22 billion and a PE ratio of 366.80. The company has a current ratio of 8.81, a quick ratio of 5.86 and a debt-to-equity ratio of 24.61. SSR Mining has a 12 month low of C$10.71 and a 12 month high of C$20.00.

About SSR Mining

SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; and the Seabee Gold Operation located in Saskatchewan, Canada.

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