Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have earned a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $15.24.
Several brokerages have recently issued reports on SSRM. BidaskClub lowered SSR Mining from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded SSR Mining from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, April 30th. ValuEngine lowered SSR Mining from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Scotiabank lowered SSR Mining from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research report on Tuesday, April 2nd. Finally, B. Riley assumed coverage on SSR Mining in a research report on Friday, March 1st. They set a “neutral” rating and a $14.70 price objective on the stock.
Shares of SSRM opened at $10.62 on Thursday. SSR Mining has a 52-week low of $8.11 and a 52-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 has a market capitalization of $1.34 billion, a PE ratio of 46.17 and a beta of -0.59.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $127.70 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts expect that SSR Mining will post 0.4 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of SSRM. Norges Bank bought a new stake in SSR Mining during the 4th quarter worth $21,049,000. Ruffer LLP acquired a new position in SSR Mining during the 4th quarter worth about $20,866,000. Investec Asset Management LTD lifted its holdings in SSR Mining by 41.2% during the 4th quarter. Investec Asset Management LTD now owns 5,092,214 shares of the basic materials company’s stock worth $61,565,000 after buying an additional 1,486,116 shares during the period. Morgan Stanley lifted its holdings in SSR Mining by 126.4% during the 1st quarter. Morgan Stanley now owns 2,421,597 shares of the basic materials company’s stock worth $30,657,000 after buying an additional 1,351,815 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SSR Mining by 37.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,267,295 shares of the basic materials company’s stock worth $39,472,000 after buying an additional 884,900 shares during the period. Institutional investors and hedge funds own 55.10% of the company’s stock.
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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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