SSR Mining Inc. (NASDAQ:SSRM) Given Average Recommendation of “Hold” by Analysts

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

Several research firms have commented on SSRM. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group boosted their target price on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th.

SSR Mining Price Performance

Shares of SSRM opened at $7.80 on Thursday. SSR Mining has a one year low of $3.76 and a one year high of $9.99. The stock’s fifty day moving average is $6.75 and its 200-day moving average is $5.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.26 and a beta of 0.61.

Institutional Trading of SSR Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of SSR Mining in the second quarter valued at $3,289,000. Xponance Inc. acquired a new stake in shares of SSR Mining during the second quarter worth $58,000. Toronto Dominion Bank lifted its holdings in shares of SSR Mining by 96.6% during the second quarter. Toronto Dominion Bank now owns 20,145 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 9,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SSR Mining during the second quarter valued at $32,000. Finally, AQR Capital Management LLC acquired a new position in shares of SSR Mining in the 2nd quarter valued at $227,000. 68.30% of the stock is owned by institutional investors and hedge funds.

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.