SSR Mining Inc. (NASDAQ:SSRM) Given Average Recommendation of "Hold" by Analysts

Shares of SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO have been given a consensus recommendation of "Hold" by the five brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.03.

A number of research analysts have recently weighed in on SSRM shares. UBS Group lifted their price objective on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. Cormark raised SSR Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. CIBC boosted their price target on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. National Bank Financial raised SSR Mining to a "hold" rating in a report on Friday, March 21st. Finally, Wall Street Zen cut SSR Mining from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th.

SSR Mining Stock Performance

Shares of SSR Mining stock traded up $0.28 during trading hours on Thursday, reaching $12.71. 3,289,037 shares of the stock traded hands, compared to its average volume of 2,616,084. The company has a 50 day moving average price of $11.12 and a 200 day moving average price of $9.49. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -9.85, a P/E/G ratio of 0.37 and a beta of -0.13. SSR Mining has a one year low of $4.32 and a one year high of $13.33. 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 - Get Free Report) TSE: SSO last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $303.43 million for the quarter, compared to analysts' expectations of $332.64 million. On average, equities research analysts expect that SSR Mining will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of SSR Mining

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of SSR Mining during the 1st quarter worth approximately $32,000. US Bancorp DE raised its holdings in shares of SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock worth $25,000 after acquiring an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SSR Mining during the 4th quarter worth approximately $29,000. Allianz SE purchased a new stake in shares of SSR Mining during the 4th quarter worth approximately $30,000. Finally, Tacita Capital Inc bought a new position in shares of SSR Mining during the 1st quarter valued at approximately $48,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

About SSR Mining

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.