SSR Mining Inc. (NASDAQ:SSRM) Given Consensus Rating of "Buy" by Analysts

Last updated on Thursday, April 22, 2021 | 2021 MarketBeat

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has received an average rating of "Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.20.

Several research analysts have commented on SSRM shares. Scotiabank dropped their price target on SSR Mining from $39.50 to $38.50 and set an "outperform" rating on the stock in a research report on Monday, January 11th. National Bank Financial restated an "outperform" rating on shares of SSR Mining in a research report on Tuesday, February 2nd. Zacks Investment Research cut SSR Mining from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Canaccord Genuity lowered their price objective on SSR Mining from $35.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, February 18th. Finally, JPMorgan Chase & Co. initiated coverage on SSR Mining in a research report on Wednesday, February 10th. They set an "overweight" rating on the stock.

Shares of SSR Mining stock opened at $17.08 on Thursday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.37 and a quick ratio of 3.67. SSR Mining has a 52-week low of $13.68 and a 52-week high of $25.32. The stock has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $17.55.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Wednesday, February 17th. The basic materials company reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.56 by ($0.06). SSR Mining had a net margin of 9.44% and a return on equity of 7.81%. The company had revenue of $370.73 million during the quarter, compared to the consensus estimate of $410.40 million. As a group, equities research analysts predict that SSR Mining will post 1.28 earnings per share for the current year.

The business also recently declared a -- dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 4th.

A number of hedge funds have recently made changes to their positions in SSRM. International Assets Investment Management LLC acquired a new stake in SSR Mining in the 4th quarter valued at $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in SSR Mining in the 4th quarter valued at $149,000. Pinnacle Financial Partners Inc. acquired a new stake in SSR Mining in the 4th quarter valued at $200,000. Comerica Bank acquired a new stake in SSR Mining in the 4th quarter valued at $207,000. Finally, HighTower Advisors LLC acquired a new stake in SSR Mining in the 4th quarter valued at $208,000. 51.45% of the stock is currently owned by institutional investors and hedge funds.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, lead, and zinc deposits. Its projects include the Ãöpler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

See Also: What is the Difference Between Common Shares and Convertible Shares?

Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: SEC Filing



7 Lithium Stocks That Will Power the Electric Vehicle Boom

Demand for lithium is set to increase exponentially in the next few years. In fact, according to Statista, demand for lithium may very well double to 820,000 tons in that time. Some of that demand will come from companies that are manufacturing the batteries that we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.

But the real growth will come as the United States goes all-in on electric vehicles (EVs). The Biden administration recently announced plans to have the U.S. government’s fleet of over 600,000 vehicles converted to EVs.

And as you’re aware, EV stocks are in a bubble of some sort at the moment. Some of that is due to the increasing number of companies that went public last year. However, as investors are beginning to realize, not all of these companies will be the next Tesla. In fact, some of these companies may never be successful at bringing an EV to market, at least not at the scale that will be required.

The ones that do make it will need lithium and lots of it. To help you sift through the best lithium stocks to buy, we’ve put together this special presentation.

View the "7 Lithium Stocks That Will Power the Electric Vehicle Boom".


Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.