SSR Mining Inc. (NASDAQ:SSRM) Receives $10.03 Average Target Price from Analysts

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.03.

A number of equities analysts have recently issued reports on SSRM shares. Cormark upgraded shares of SSR Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 22nd. National Bank Financial raised shares of SSR Mining to a “hold” rating in a report on Friday, March 21st. UBS Group upped their target price on shares of SSR Mining from $12.10 to $12.35 and gave the stock a “buy” rating in a report on Friday, April 11th. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of SSR Mining in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SSR Mining by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 1,089 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in SSR Mining by 0.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 241,415 shares of the basic materials company’s stock valued at $1,686,000 after purchasing an additional 1,200 shares in the last quarter. Xponance Inc. raised its holdings in SSR Mining by 9.3% in the fourth quarter. Xponance Inc. now owns 14,387 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 1,222 shares during the period. CIBC Asset Management Inc boosted its position in shares of SSR Mining by 0.5% during the fourth quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company’s stock worth $1,729,000 after purchasing an additional 1,282 shares in the last quarter. Finally, US Bancorp DE grew its holdings 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 buying an additional 1,360 shares during the period. Institutional investors own 68.30% of the company’s stock.

SSR Mining Price Performance

NASDAQ:SSRM opened at $10.49 on Wednesday. The stock has a market cap of $2.12 billion, a P/E ratio of -8.13, a PEG ratio of 0.37 and a beta of 0.30. SSR Mining has a one year low of $4.32 and a one year high of $11.48. The company has a fifty day moving average price of $10.34 and a 200 day moving average price of $8.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $323.19 million during the quarter, compared to analyst estimates of $262.20 million. Analysts anticipate that SSR Mining will post 0.73 earnings per share for the current year.

SSR Mining Company Profile

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.