SSR Mining Inc. (NASDAQ:SSRM) Receives $5.18 Average PT from Analysts

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have received an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.18.

A number of brokerages recently weighed in on SSRM. UBS Group boosted their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

SSR Mining Price Performance

Shares of NASDAQ:SSRM opened at $6.35 on Wednesday. The company’s 50-day moving average is $5.88 and its 200 day moving average is $5.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The company has a market capitalization of $1.29 billion, a P/E ratio of -2.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.69. SSR Mining has a fifty-two week low of $3.76 and a fifty-two week high of $11.52.

Institutional Trading of SSR Mining

A number of institutional investors have recently added to or reduced their stakes in SSRM. Hsbc Holdings PLC purchased a new position in SSR Mining during the 2nd quarter valued at about $3,289,000. National Bank of Canada FI grew its holdings in SSR Mining by 73.7% during the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after buying an additional 1,118,417 shares in the last quarter. Mackenzie Financial Corp grew its holdings in SSR Mining by 25.5% during the 2nd quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company’s stock valued at $3,992,000 after buying an additional 179,601 shares in the last quarter. Paragon Capital Management Inc. purchased a new position in SSR Mining during the 2nd quarter valued at about $1,672,000. Finally, Bank of New York Mellon Corp grew its holdings in SSR Mining by 62.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 779,778 shares of the basic materials company’s stock valued at $3,517,000 after buying an additional 298,898 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

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.