SSR Mining Inc. (NASDAQ:SSRM) Receives Average Recommendation of “Hold” from Analysts

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.18.

A number of research firms recently issued reports on SSRM. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. UBS Group increased 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.

SSR Mining Price Performance

Shares of SSRM opened at $6.00 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of -2.51, a price-to-earnings-growth ratio of 0.94 and a beta of 0.69. SSR Mining has a 52-week low of $3.76 and a 52-week high of $11.91. 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 business’s 50 day moving average price is $5.87 and its two-hundred day moving average price is $5.39.

Institutional Investors Weigh In On SSR Mining

Several hedge funds and other institutional investors have recently made changes to their positions in SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining during the 2nd quarter valued at about $32,000. Point72 DIFC Ltd purchased a new position in shares of SSR Mining during the third quarter valued at approximately $47,000. SeaCrest Wealth Management LLC bought a new stake in SSR Mining during the third quarter worth $57,000. Quarry LP raised 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 buying an additional 5,649 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in SSR Mining during the 3rd quarter valued at $60,000. 68.30% of the stock is owned by institutional investors.

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.