SSR Mining Inc. (NASDAQ:SSRM) Given Consensus Recommendation of "Hold" by Analysts

SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO has earned an average rating of "Hold" from the four ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.93.

SSRM has been the topic of a number of analyst reports. UBS Group boosted their price target on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research report on Tuesday. CIBC boosted their target price on SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a report on Wednesday. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and increased their target price for the stock from $5.50 to $8.00 in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th.

Institutional Investors Weigh In On SSR Mining

Several institutional investors have recently modified their holdings of SSRM. JPMorgan Chase & Co. raised its position in SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock worth $8,794,000 after buying an additional 220,349 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of SSR Mining by 16.2% during the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock valued at $18,860,000 after purchasing an additional 462,000 shares during the last quarter. Franklin Resources Inc. lifted its position in SSR Mining by 649.6% during the third quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock valued at $847,000 after purchasing an additional 127,401 shares during the period. Verition Fund Management LLC boosted its holdings in SSR Mining by 177.5% in the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company's stock worth $601,000 after purchasing an additional 67,657 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in SSR Mining by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock worth $7,542,000 after purchasing an additional 75,563 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

SSR Mining Stock Up 12.8 %

SSR Mining stock traded up $1.19 on Monday, hitting $10.52. 6,130,877 shares of the stock traded hands, compared to its average volume of 2,728,260. SSR Mining has a 1 year low of $3.90 and a 1 year high of $10.63. The firm has a market cap of $2.13 billion, a P/E ratio of -4.40 and a beta of 0.62. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $7.84 and its 200 day simple moving average is $6.44.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The business had revenue of $323.19 million for the quarter, compared to analysts' expectations of $262.20 million. SSR Mining had a negative net margin of 44.13% and a positive return on equity of 4.05%. As a group, sell-side analysts forecast that SSR Mining will post 0.32 earnings per share for the current year.

About SSR Mining

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.