In a report released on October 4, Michael Siperco from RBC Capital maintained a Buy rating on SSR Mining (SSRM – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $12.63.
According to TipRanks, Siperco is an analyst with an average return of -8.7% and a 29.03% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SilverCrest Metals, and Coeur Mining.
Currently, the analyst consensus on SSR Mining is a Strong Buy with an average price target of $20.21, a 60.02% upside from current levels. In a report released on October 3, Scotiabank also maintained a Buy rating on the stock with a C$28.00 price target.
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Based on SSR Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $301.03 million and a net profit of $74.87 million. In comparison, last year the company earned a revenue of $319.58 million and had a net profit of $75.6 million
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SSR Mining (SSRM) Company Description:
SSR Mining, Inc. engages in the operation, development, exploration, and acquisition of precious metal projects. It focuses on the Puna, Marigold Mines, and Seabee Gold Operations. The company was founded on December 11, 1946 is headquartered in Vancouver, Canada.
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