SSR Mining Inc. (NASDAQ:SSRM) Given Average Rating of “Hold” by Analysts

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has earned a consensus rating of “Hold” from the four analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.85.

A number of analysts recently commented on SSRM shares. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th.

Institutional Trading of SSR Mining

A number of hedge funds have recently bought and sold shares of SSRM. US Bancorp DE lifted its stake in shares of SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,360 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of SSR Mining during the 4th quarter valued at $29,000. Allianz SE bought a new stake in shares of SSR Mining during the 4th quarter valued at $30,000. Point72 DIFC Ltd purchased a new stake in shares of SSR Mining in the 3rd quarter worth $47,000. Finally, SeaCrest Wealth Management LLC bought a new position in SSR Mining in the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Performance

Shares of SSRM stock opened at $9.14 on Monday. The company has a market capitalization of $1.85 billion, a P/E ratio of -3.82 and a beta of 0.62. SSR Mining has a fifty-two week low of $3.90 and a fifty-two week high of $9.60. 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 stock has a 50 day moving average price of $7.71 and a two-hundred day moving average price of $6.35.

SSR Mining Company Profile

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.