SSR Mining (NASDAQ:SSRM) Lowered to Hold at BidaskClub

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BidaskClub cut shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a buy rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Several other equities analysts have also weighed in on the company. Scotiabank raised SSR Mining from a sector perform rating to a sector outperform rating and set a $17.00 price objective on the stock in a research note on Tuesday, September 10th. TheStreet raised SSR Mining from a c rating to a b- rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on SSR Mining to $19.50 and gave the company an outperform rating in a research note on Tuesday, July 23rd. ValuEngine lowered SSR Mining from a buy rating to a hold rating in a research note on Saturday, September 14th. Finally, B. Riley lifted their price objective on SSR Mining from $16.70 to $18.70 and gave the company a neutral rating in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $17.31.

NASDAQ SSRM opened at $14.92 on Tuesday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 64.87 and a beta of -0.36. SSR Mining has a 1-year low of $8.43 and a 1-year high of $17.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.02 and a quick ratio of 2.91. The business’s 50-day simple moving average is $15.92 and its 200-day simple moving average is $13.55.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09. The business had revenue of $155.15 million for the quarter, compared to analyst estimates of $143.00 million. SSR Mining had a return on equity of 4.84% and a net margin of 4.18%. The company’s revenue was up 49.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts expect that SSR Mining will post 0.64 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Paulson & CO. Inc. purchased a new stake in shares of SSR Mining during the 2nd quarter valued at about $15,833,000. Amundi Pioneer Asset Management Inc. raised its holdings in shares of SSR Mining by 22.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 814,999 shares of the basic materials company’s stock valued at $11,141,000 after buying an additional 148,140 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of SSR Mining by 90.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 385,598 shares of the basic materials company’s stock valued at $5,271,000 after buying an additional 182,918 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of SSR Mining by 45.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,102 shares of the basic materials company’s stock valued at $234,000 after buying an additional 5,341 shares during the period. Finally, Jefferies Group LLC purchased a new stake in shares of SSR Mining during the 2nd quarter valued at about $488,000. Institutional investors and hedge funds own 56.47% of the company’s stock.

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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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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