SSR Mining (NASDAQ:SSRM) Price Target Raised to $12.35 at UBS Group

SSR Mining (NASDAQ:SSRM - Free Report) TSE: SSO had its price target increased by UBS Group from $12.10 to $12.35 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the basic materials company's stock.

SSRM has been the subject of several other research reports. Royal Bank of Canada upgraded SSR Mining from an "underperform" rating to a "sector perform" rating and increased their price objective for the company from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC raised 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. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Finally, National Bank Financial raised shares of SSR Mining to a "hold" rating in a research report on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, SSR Mining presently has an average rating of "Hold" and an average price target of $10.03.

SSR Mining Stock Up 0.7 %

Shares of NASDAQ:SSRM traded up $0.08 on Friday, reaching $10.89. The company had a trading volume of 1,904,490 shares, compared to its average volume of 2,737,409. The firm has a market capitalization of $2.21 billion, a PE ratio of -8.44, 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 52-week low of $4.32 and a 52-week high of $11.48. The firm's 50 day simple moving average is $10.13 and its 200-day simple moving average is $7.85.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC acquired a new stake in SSR Mining during the 1st quarter valued at approximately $132,000. Simplicity Wealth LLC purchased a new stake in SSR Mining in the first quarter valued at $109,000. RFG Advisory LLC acquired a new stake in SSR Mining during the 1st quarter worth about $206,000. Merit Financial Group LLC purchased a new position in shares of SSR Mining during the 1st quarter valued at about $113,000. Finally, GAMMA Investing LLC boosted its stake in shares of SSR Mining by 1,608.1% in the first quarter. GAMMA Investing LLC now owns 15,185 shares of the basic materials company's stock worth $1,514,000 after buying an additional 14,296 shares during the last quarter. 68.30% of the stock is currently 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.