SSR Mining (NASDAQ:SSRM - Free Report) TSE: SSO had its price target raised by UBS Group from $7.15 to $12.05 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the basic materials company's stock.
Other analysts have also recently issued reports about the company. Royal Bank of Canada raised SSR Mining from an "underperform" rating to a "sector perform" rating and raised their price objective for the company from $5.50 to $8.00 in a research report on Wednesday, February 5th. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, SSR Mining presently has an average rating of "Hold" and a consensus price target of $9.93.
Check Out Our Latest Analysis on SSRM
SSR Mining Trading Down 2.6 %
Shares of SSR Mining stock traded down $0.27 during trading hours on Tuesday, hitting $10.23. The company's stock had a trading volume of 3,345,351 shares, compared to its average volume of 2,778,458. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The company has a market capitalization of $2.07 billion, a PE ratio of -7.93 and a beta of 0.62. SSR Mining has a 12 month low of $3.90 and a 12 month high of $10.91. The stock has a 50 day moving average of $7.89 and a 200 day moving average of $6.47.
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 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The company had revenue of $323.19 million for the quarter, compared to analyst estimates of $262.20 million. Analysts predict that SSR Mining will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On SSR Mining
A number of large investors have recently made changes to their positions in SSRM. JPMorgan Chase & Co. increased its stake in SSR Mining by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock worth $8,794,000 after acquiring an additional 220,349 shares during the period. Two Sigma Advisers LP increased its stake in SSR Mining by 16.2% during the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock worth $18,860,000 after acquiring an additional 462,000 shares during the period. Franklin Resources Inc. increased its stake in SSR Mining by 649.6% during the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company's stock worth $847,000 after acquiring an additional 127,401 shares during the period. Verition Fund Management LLC increased its stake in SSR Mining by 177.5% during the 3rd quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company's stock worth $601,000 after acquiring an additional 67,657 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in SSR Mining by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock worth $7,542,000 after acquiring an additional 75,563 shares during the period. Institutional investors own 68.30% of the company's stock.
About SSR Mining
(
Get Free Report)
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.
Featured Articles
Before you consider SSR Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SSR Mining wasn't on the list.
While SSR Mining currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
