SSR Mining (NASDAQ:SSRM) Upgraded at Cormark

Cormark upgraded shares of SSR Mining (NASDAQ:SSRM - Free Report) TSE: SSO from a hold rating to a moderate buy rating in a research report released on Tuesday,Zacks.com reports. Cormark also issued estimates for SSR Mining's Q1 2025 earnings at ($0.02) EPS.

A number of other research firms have also commented on SSRM. UBS Group increased their price target on SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research report on Friday, April 11th. National Bank Financial raised shares of SSR Mining to a "hold" rating in a report on Friday, March 21st. CIBC raised their price target on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and upped their price objective for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.03.

SSR Mining Stock Up 2.2 %

SSR Mining stock traded up $0.23 during midday trading on Tuesday, reaching $10.48. The stock had a trading volume of 1,222,643 shares, compared to its average volume of 2,620,224. The company has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $8.14. The company has a market capitalization of $2.12 billion, a P/E ratio of -8.12, a PEG ratio of 0.37 and a beta of 0.30. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. SSR Mining has a 12 month low of $4.32 and a 12 month high of $11.48.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The business had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. As a group, equities analysts expect that SSR Mining will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On SSR Mining

A number of hedge funds have recently modified their holdings of SSRM. HighTower Advisors LLC grew its stake in shares of SSR Mining by 24.8% in the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company's stock worth $75,000 after purchasing an additional 2,619 shares during the last quarter. Barclays PLC grew its position in shares of SSR Mining by 33.8% in the 3rd quarter. Barclays PLC now owns 701,763 shares of the basic materials company's stock worth $3,985,000 after buying an additional 177,447 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of SSR Mining during the third quarter valued at approximately $334,000. Tidal Investments LLC raised its holdings in shares of SSR Mining by 6.4% during the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company's stock valued at $15,713,000 after acquiring an additional 166,130 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in SSR Mining by 649.6% in the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock worth $847,000 after acquiring an additional 127,401 shares during the period. Hedge funds and other 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.