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

Shares of SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO have received an average rating of "Hold" from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.18.

Several brokerages recently commented on SSRM. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. UBS Group increased their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research note on Tuesday, October 15th.

Institutional Investors Weigh In On SSR Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SSR Mining in the second quarter worth $32,000. Point72 DIFC Ltd purchased a new position in shares of SSR Mining in the 3rd quarter worth about $47,000. SeaCrest Wealth Management LLC purchased a new position in shares of SSR Mining during the 3rd quarter valued at about $57,000. Lincoln Capital LLC bought a new stake in SSR Mining in the 4th quarter worth approximately $70,000. Finally, Quarry LP grew its position in SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 5,649 shares during the last quarter. Hedge funds and other institutional investors own 68.30% of the company's stock.

SSR Mining Price Performance

SSRM stock traded up $0.04 during midday trading on Thursday, reaching $7.84. 1,645,612 shares of the stock were exchanged, compared to its average volume of 2,504,740. The company has a fifty day moving average price of $6.80 and a 200 day moving average price of $5.96. SSR Mining has a 52 week low of $3.76 and a 52 week high of $9.99. The stock has a market capitalization of $1.59 billion, a PE ratio of -3.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

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.