SSR Mining (NASDAQ:SSRM) Trading 3.9% Higher - Should You Buy?

SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO's stock price rose 3.9% on Thursday . The company traded as high as $10.77 and last traded at $10.64. Approximately 911,446 shares traded hands during trading, a decline of 67% from the average daily volume of 2,742,974 shares. The stock had previously closed at $10.24.

Analysts Set New Price Targets

SSRM has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded shares of SSR Mining from an "underperform" rating to a "sector perform" rating and boosted their price objective for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. UBS Group increased their price target on shares of SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of SSR Mining from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Finally, CIBC lifted their price objective on shares of SSR Mining from $8.25 to $9.75 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.93.

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SSR Mining Trading Up 1.3 %

The company has a fifty day moving average price of $8.87 and a 200-day moving average price of $7.06. The company has a current ratio of 4.70, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -8.41, a PEG ratio of 0.37 and a beta of 0.53.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. The firm had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. As a group, research analysts expect that SSR Mining Inc. will post 0.73 EPS for the current year.

Institutional Trading of SSR Mining

Institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in shares of SSR Mining by 62.4% during the 4th quarter. US Bancorp DE now owns 3,540 shares of the basic materials company's stock valued at $25,000 after buying an additional 1,360 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of SSR Mining in the fourth quarter valued at approximately $29,000. Allianz SE purchased a new stake in shares of SSR Mining during the fourth quarter worth approximately $30,000. Point72 DIFC Ltd acquired a new position in SSR Mining in the 3rd quarter valued at $47,000. Finally, Lincoln Capital LLC acquired a new position in SSR Mining in the 4th quarter valued at $70,000. 68.30% of the stock is owned by institutional investors and hedge funds.

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.