Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have earned an average rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.00.
A number of research analysts have recently commented on SSRM shares. BMO Capital Markets reissued a “buy” rating and set a $14.00 price target on shares of SSR Mining in a report on Monday, December 17th. BidaskClub raised SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. National Bank Financial raised their price target on SSR Mining from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, January 14th. ValuEngine raised SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, January 4th. Finally, TheStreet raised SSR Mining from a “c” rating to a “b-” rating in a report on Monday, November 12th.
Shares of SSRM traded down $0.56 during trading hours on Friday, reaching $11.63. 1,058,883 shares of the company’s stock traded hands, compared to its average volume of 803,429. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.21 and a beta of -0.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 6.29 and a current ratio of 8.91. SSR Mining has a twelve month low of $7.64 and a twelve month high of $12.70.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $115.03 million for the quarter, compared to analyst estimates of $113.00 million. SSR Mining had a return on equity of 3.14% and a net margin of 6.12%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. Analysts forecast that SSR Mining will post 0.24 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in SSR Mining during the third quarter worth about $135,000. Engineers Gate Manager LP acquired a new position in SSR Mining during the third quarter worth about $199,000. Raymond James & Associates grew its holdings in SSR Mining by 36.6% during the second quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 6,300 shares during the period. Tower Research Capital LLC TRC grew its holdings in SSR Mining by 2,013.8% during the second quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 22,595 shares during the period. Finally, BlackRock Inc. grew its holdings in SSR Mining by 133.3% during the second quarter. BlackRock Inc. now owns 25,553 shares of the basic materials company’s stock worth $252,000 after acquiring an additional 14,600 shares during the period. 48.96% of the stock is currently owned by hedge funds and other institutional investors.
SSR Mining Company Profile
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; and the Seabee Gold Operation located in Saskatchewan, Canada.
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