SSR Mining Inc. (NASDAQ:SSRM) Receives Consensus Recommendation of “Hold” from Analysts

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.18.

Several research analysts have recently issued reports on the company. StockNews.com downgraded SSR Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. UBS Group lifted their price target on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research note on Tuesday, October 15th.

SSR Mining Trading Up 5.6 %

NASDAQ:SSRM opened at $7.54 on Wednesday. The company has a market capitalization of $1.53 billion, a PE ratio of -3.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. SSR Mining has a 52-week low of $3.76 and a 52-week high of $11.35. The stock has a fifty day simple moving average of $5.95 and a 200-day simple moving average of $5.42.

Institutional Trading of SSR Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in SSR Mining during the 2nd quarter worth about $32,000. Quarry LP grew its holdings in SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares during the period. Point72 DIFC Ltd purchased a new stake in SSR Mining in the 3rd quarter valued at about $47,000. HB Wealth Management LLC purchased a new stake in SSR Mining in the 2nd quarter valued at about $56,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in SSR Mining in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

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.