SSR Mining (NASDAQ:SSRM) Raised to “Buy” at BidaskClub

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BidaskClub upgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a hold rating to a buy rating in a research note released on Monday morning, BidAskClub reports.

SSRM has been the topic of a number of other research reports. Zacks Investment Research raised shares of SSR Mining from a hold rating to a strong-buy rating and set a $14.00 price target on the stock in a research report on Tuesday, April 30th. TheStreet cut shares of SSR Mining from a b rating to a c rating in a research report on Tuesday, February 26th. ValuEngine cut shares of SSR Mining from a strong-buy rating to a buy rating in a research report on Monday, April 1st. Scotiabank cut shares of SSR Mining from an outperform rating to a sector perform rating and set a $12.00 price target on the stock. in a research report on Tuesday, April 2nd. Finally, B. Riley assumed coverage on shares of SSR Mining in a research report on Friday, March 1st. They set a neutral rating and a $14.70 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. SSR Mining has a consensus rating of Buy and a consensus price target of $15.24.

Shares of SSRM opened at $13.59 on Monday. The company has a quick ratio of 3.04, a current ratio of 4.36 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.69 billion, a PE ratio of 59.09 and a beta of -0.46. The firm’s fifty day moving average price is $11.81. SSR Mining has a 12 month low of $8.11 and a 12 month high of $15.17.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.06. The business had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $127.70 million. SSR Mining had a net margin of 3.43% and a return on equity of 4.38%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, research analysts forecast that SSR Mining will post 0.43 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of SSR Mining by 0.6% during the fourth quarter. American Century Companies Inc. now owns 199,700 shares of the basic materials company’s stock valued at $2,414,000 after purchasing an additional 1,100 shares during the period. PCJ Investment Counsel Ltd. raised its holdings in shares of SSR Mining by 2.3% during the first quarter. PCJ Investment Counsel Ltd. now owns 118,030 shares of the basic materials company’s stock valued at $1,492,000 after purchasing an additional 2,660 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of SSR Mining by 6.9% during the first quarter. Great West Life Assurance Co. Can now owns 57,690 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 3,735 shares during the period. Advisory Services Network LLC raised its holdings in shares of SSR Mining by 40.5% during the first quarter. Advisory Services Network LLC now owns 19,801 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 5,705 shares during the period. Finally, FIL Ltd acquired a new position in shares of SSR Mining during the first quarter valued at about $123,000. Hedge funds and other institutional investors own 55.36% 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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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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