SSR Mining Inc. (NASDAQ:SSRM) Given Average Rating of “Hold” by Analysts

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has earned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.03.

Several brokerages have recently issued reports on SSRM. UBS Group raised their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a “buy” rating in a report on Friday, April 11th. National Bankshares reissued a “sector perform” rating on shares of SSR Mining in a report on Wednesday, April 23rd. National Bank Financial raised shares of SSR Mining to a “hold” rating in a research note on Friday, March 21st. Cormark raised SSR Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen downgraded SSR Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th.

SSR Mining Stock Performance

NASDAQ SSRM opened at $12.38 on Thursday. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $9.34. SSR Mining has a 12-month low of $4.32 and a 12-month high of $13.33. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -9.60, a PEG ratio of 0.37 and a beta of -0.13. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.21. The company had revenue of $303.43 million during the quarter, compared to analysts’ expectations of $332.64 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. On average, equities analysts forecast that SSR Mining will post 0.73 EPS for the current year.

Institutional Investors Weigh In On SSR Mining

Large investors have recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its position in shares of SSR Mining by 24.8% during the fourth quarter. Bleakley Financial Group LLC now owns 25,461 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 5,066 shares in the last quarter. Rhumbline Advisers lifted its position in SSR Mining by 1.1% during the fourth quarter. Rhumbline Advisers now owns 325,929 shares of the basic materials company’s stock valued at $2,268,000 after buying an additional 3,681 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of SSR Mining by 47.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 46,715 shares of the basic materials company’s stock valued at $325,000 after buying an additional 15,128 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of SSR Mining by 0.5% in the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company’s stock worth $1,729,000 after buying an additional 1,282 shares during the period. Finally, Alberta Investment Management Corp grew its position in shares of SSR Mining by 72.3% in the 4th quarter. Alberta Investment Management Corp now owns 246,700 shares of the basic materials company’s stock worth $1,722,000 after buying an additional 103,500 shares during the period. Institutional investors own 68.30% of the company’s stock.

SSR Mining Company Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.