SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.68.
Several brokerages have issued reports on SSRM. Scotiabank raised shares of SSR Mining from a “sector perform” rating to a “sector outperform” rating and set a $17.00 price objective on the stock in a research note on Tuesday, September 10th. ValuEngine raised shares of SSR Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. BidaskClub cut shares of SSR Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Zacks Investment Research raised shares of SSR Mining from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Saturday. Finally, TheStreet raised shares of SSR Mining from a “c” rating to a “b-” rating in a research note on Monday, August 12th.
Several large investors have recently bought and sold shares of SSRM. FNY Investment Advisers LLC grew its stake in shares of SSR Mining by 1,900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 5,000 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 4,750 shares during the period. Aperio Group LLC acquired a new position in shares of SSR Mining during the 2nd quarter worth $122,000. FIL Ltd acquired a new position in shares of SSR Mining during the 1st quarter worth $123,000. USA Financial Portformulas Corp grew its stake in shares of SSR Mining by 18.5% during the 2nd quarter. USA Financial Portformulas Corp now owns 17,772 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 2,780 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of SSR Mining by 45.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,102 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 5,341 shares during the period. 55.91% of the stock is currently owned by institutional investors and hedge funds.
SSRM traded down $0.48 during trading on Wednesday, hitting $14.52. The stock had a trading volume of 1,152,187 shares, compared to its average volume of 1,072,083. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.91 and a current ratio of 4.02. The firm has a market capitalization of $1.79 billion, a P/E ratio of 63.13 and a beta of -0.36. The company’s 50-day moving average price is $15.74 and its 200 day moving average price is $13.60. SSR Mining has a twelve month low of $8.62 and a twelve month high of $17.56.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.09. The company had revenue of $155.15 million for the quarter, compared to analysts’ expectations of $143.00 million. SSR Mining had a net margin of 4.18% and a return on equity of 4.84%. SSR Mining’s revenue was up 49.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, equities analysts expect that SSR Mining will post 0.71 earnings per share for the current fiscal year.
About SSR Mining
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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