SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO's share price shot up 12.8% during trading on Wednesday . The company traded as high as $9.22 and last traded at $9.24. 1,042,899 shares traded hands during trading, a decline of 55% from the average session volume of 2,330,056 shares. The stock had previously closed at $8.19.
Analyst Ratings Changes
A number of research firms have weighed in on SSRM. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Royal Bank of Canada raised shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price target for the company from $5.50 to $8.00 in a research report on Wednesday. Finally, UBS Group raised their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, SSR Mining presently has an average rating of "Hold" and a consensus target price of $6.85.
Check Out Our Latest Analysis on SSRM
SSR Mining Trading Down 1.2 %
The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -3.77 and a beta of 0.62. 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 company has a 50 day moving average price of $7.39 and a 200 day moving average price of $6.21.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of SSR Mining by 62.4% in the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 1,360 shares during the period. SBI Securities Co. Ltd. purchased a new stake in SSR Mining in the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd acquired a new position in SSR Mining during the third quarter worth $47,000. SeaCrest Wealth Management LLC purchased a new position in shares of SSR Mining during the third quarter worth $57,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of SSR Mining in the third quarter valued at $60,000. Hedge funds and other 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.
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