SSR Mining Inc. (NASDAQ:SSRM - Get Free Report) TSE: SSO saw unusually large options trading on Wednesday. Stock traders acquired 3,772 put options on the company. This represents an increase of approximately 110% compared to the average daily volume of 1,800 put options.
Wall Street Analyst Weigh In
Several analysts have weighed in on SSRM shares. UBS Group boosted their price objective on SSR Mining from $7.15 to $12.05 and gave the stock a "buy" rating in a report on Tuesday, February 18th. CIBC boosted their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised shares of 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 note on Wednesday, February 5th. StockNews.com raised shares of SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, January 17th. Finally, National Bank Financial raised SSR Mining to a "hold" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.93.
Get Our Latest Research Report on SSR Mining
SSR Mining Trading Down 9.8 %
NASDAQ SSRM traded down $0.99 during trading on Friday, reaching $9.09. 3,336,108 shares of the stock traded hands, compared to its average volume of 2,790,435. SSR Mining has a fifty-two week low of $4.32 and a fifty-two week high of $11.48. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 0.37 and a beta of 0.53. The stock's 50-day moving average price is $9.80 and its 200 day moving average price is $7.60.
SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.08). The firm had revenue of $323.19 million during the quarter, compared to the consensus estimate of $262.20 million. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. Analysts predict that SSR Mining will post 0.73 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of SSRM. JPMorgan Chase & Co. increased its position in shares of SSR Mining by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company's stock valued at $8,794,000 after acquiring an additional 220,349 shares during the last quarter. Two Sigma Advisers LP grew its stake in SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock valued at $18,860,000 after purchasing an additional 462,000 shares in the last quarter. Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 127,401 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of 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 purchasing an additional 67,657 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of SSR Mining by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock valued at $7,542,000 after buying an additional 75,563 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.
SSR Mining Company Profile
(
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.
Further Reading
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
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
