Shares of SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO rose 4.8% during trading on Wednesday . The stock traded as high as $7.48 and last traded at $7.48. Approximately 2,071,948 shares traded hands during trading, a decline of 24% from the average daily volume of 2,716,594 shares. The stock had previously closed at $7.14.
Analysts Set New Price Targets
Several analysts recently weighed in on SSRM shares. UBS Group boosted their price objective on SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a report on Tuesday, October 15th. StockNews.com downgraded SSR Mining from a "hold" rating to a "sell" rating in a report on Wednesday, January 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.18.
Check Out Our Latest Stock Report on SSRM
SSR Mining Price Performance
The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The company has a fifty day moving average price of $6.43 and a 200 day moving average price of $5.74. The company has a market capitalization of $1.52 billion, a P/E ratio of -3.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SSR Mining during the second quarter worth approximately $32,000. Quarry LP increased its position in SSR Mining by 119.7% in the 2nd 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 period. Point72 DIFC Ltd bought a new stake in SSR Mining during the 3rd quarter valued at $47,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining during the 3rd quarter worth $57,000. Finally, Xponance Inc. bought a new position in shares of SSR Mining in the second quarter worth $58,000. 68.30% of the stock is currently owned by institutional investors.
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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