SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO's share price shot up 4.4% on Monday . The stock traded as high as $10.50 and last traded at $10.48. 1,126,257 shares were traded during trading, a decline of 58% from the average session volume of 2,667,019 shares. The stock had previously closed at $10.03.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Cormark upgraded shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. National Bank Financial upgraded shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. Finally, CIBC increased their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.03.
Check Out Our Latest Analysis on SSRM
SSR Mining Stock Up 7.7 %
The firm has a 50 day moving average price of $10.44 and a 200-day moving average price of $8.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -9.00, 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 earnings results on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The company had revenue of $303.43 million for the quarter, compared to the consensus estimate of $332.64 million. As a group, equities analysts predict that SSR Mining Inc. will post 0.73 EPS for the current fiscal year.
Institutional Trading of SSR Mining
A number of institutional investors have recently bought and sold shares of SSRM. Charles Schwab Investment Management Inc. boosted its position in shares of SSR Mining by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,409,521 shares of the basic materials company's stock worth $14,128,000 after purchasing an additional 30,862 shares during the last quarter. Bayforest Capital Ltd bought a new position in SSR Mining during the first quarter worth about $147,000. Mackenzie Financial Corp grew its position in shares of SSR Mining by 6.4% during the 1st quarter. Mackenzie Financial Corp now owns 126,717 shares of the basic materials company's stock worth $1,270,000 after buying an additional 7,646 shares during the period. TD Asset Management Inc increased its stake in shares of SSR Mining by 2.5% in the 1st quarter. TD Asset Management Inc now owns 578,386 shares of the basic materials company's stock valued at $5,795,000 after acquiring an additional 14,214 shares during the last quarter. Finally, Cadence Wealth Management LLC raised its position in shares of SSR Mining by 2.8% in the 1st quarter. Cadence Wealth Management LLC now owns 50,290 shares of the basic materials company's stock valued at $504,000 after acquiring an additional 1,374 shares during the period. Institutional investors and hedge funds own 68.30% of the company's stock.
About SSR Mining
(
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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