Shares of SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO reached a new 52-week high on Tuesday . The stock traded as high as $11.64 and last traded at $11.59, with a volume of 266604 shares. The stock had previously closed at $11.52.
Analysts Set New Price Targets
SSRM has been the subject of several recent analyst reports. UBS Group boosted their price target on SSR Mining from $12.10 to $12.35 and gave the stock a "buy" rating in a research note on Friday, April 11th. National Bankshares restated a "sector perform" rating on shares of SSR Mining in a research note on Wednesday, April 23rd. CIBC boosted their price target on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. National Bank Financial upgraded SSR Mining to a "hold" rating in a research note on Friday, March 21st. Finally, Wall Street Zen upgraded SSR Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.03.
Read Our Latest Stock Analysis on SSR Mining
SSR Mining Stock Up 0.5%
The company has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $8.92. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.39 billion, a P/E ratio of -9.15, a price-to-earnings-growth ratio of 0.37 and a beta of -0.15.
SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $303.43 million during the quarter, compared to analyst estimates of $332.64 million. On average, equities analysts anticipate that SSR Mining Inc. will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On SSR Mining
A number of hedge funds have recently made changes to their positions in SSRM. US Bancorp DE boosted its stake in shares of SSR Mining by 62.4% in the fourth 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 during the period. SBI Securities Co. Ltd. bought a new position in shares of SSR Mining in the fourth quarter worth about $29,000. Allianz SE bought a new position in shares of SSR Mining in the fourth quarter worth about $30,000. Caitong International Asset Management Co. Ltd bought a new position in shares of SSR Mining in the first quarter worth about $32,000. Finally, Tacita Capital Inc bought a new position in shares of SSR Mining in the first quarter worth about $48,000. Institutional investors own 68.30% of the company's stock.
SSR Mining Company Profile
(
Get Free Report)
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.
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