SSR Mining (SSRM) Cut to Sector Perform at Scotiabank

Scotiabank lowered shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from an outperform rating to a sector perform rating in a report issued on Tuesday, January 9th, The Fly reports.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered SSR Mining from a buy rating to a hold rating in a research note on Wednesday, October 11th. BMO Capital Markets started coverage on SSR Mining in a research note on Friday, November 17th. They set an outperform rating and a $12.50 price objective for the company. BidaskClub upgraded SSR Mining from a strong sell rating to a sell rating in a research report on Thursday, December 21st. Finally, National Bank Financial restated an outperform market weight rating on shares of SSR Mining in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $12.38.

Shares of SSR Mining (NASDAQ:SSRM) traded up $0.13 during midday trading on Tuesday, hitting $8.08. The stock had a trading volume of 1,473,500 shares, compared to its average volume of 1,284,600. SSR Mining has a 12-month low of $7.75 and a 12-month high of $12.25. The stock has a market capitalization of $1,080.00, a P/E ratio of 15.84 and a beta of -0.33. 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 (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). SSR Mining had a net margin of 14.10% and a return on equity of 7.08%. research analysts expect that SSR Mining will post 0.51 EPS for the current year.

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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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