Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have received a consensus rating of “Buy” from the thirteen analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.74.
A number of analysts have weighed in on SSRM shares. Zacks Investment Research cut German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Scotiabank reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, April 2nd. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Citigroup reiterated a “buy” rating and issued a $25.00 price objective on shares of Propetro in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday.
Several institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in SSR Mining by 14.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,755,116 shares of the basic materials company’s stock valued at $47,475,000 after acquiring an additional 487,821 shares during the period. Norges Bank bought a new position in SSR Mining during the fourth quarter valued at about $21,049,000. Deutsche Bank AG increased its stake in SSR Mining by 139.8% during the fourth quarter. Deutsche Bank AG now owns 1,141,018 shares of the basic materials company’s stock valued at $13,794,000 after acquiring an additional 665,188 shares during the period. TD Asset Management Inc. increased its stake in SSR Mining by 4.9% during the first quarter. TD Asset Management Inc. now owns 1,122,732 shares of the basic materials company’s stock valued at $14,194,000 after acquiring an additional 52,200 shares during the period. Finally, United Services Automobile Association increased its stake in SSR Mining by 700.0% during the fourth quarter. United Services Automobile Association now owns 800,000 shares of the basic materials company’s stock valued at $9,672,000 after acquiring an additional 700,000 shares during the period. Institutional investors and hedge funds own 55.36% of the company’s stock.
SSRM traded up $0.83 during trading on Friday, reaching $14.87. 1,718,918 shares of the stock traded hands, compared to its average volume of 955,582. The stock has a market cap of $1.70 billion, a PE ratio of 64.65 and a beta of -0.36. SSR Mining has a fifty-two week low of $8.11 and a fifty-two week high of $15.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.04 and a current ratio of 4.36. The firm’s 50-day moving average price is $12.86.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. SSR Mining had a return on equity of 4.38% and a net margin of 3.43%. The company had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $127.70 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts expect that SSR Mining will post 0.46 EPS for the current 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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