Brokerages Set SSR Mining Inc. (NASDAQ:SSRM) Target Price at $5.18

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to 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 equities analysts have recently issued reports on the stock. UBS Group raised their target price 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. StockNews.com downgraded SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

Institutional Investors Weigh In On SSR Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in SSR Mining in the second quarter valued at $32,000. Quarry LP lifted its holdings in SSR Mining by 119.7% in the second 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 acquired a new stake in SSR Mining in the third quarter valued at $47,000. HB Wealth Management LLC acquired a new stake in SSR Mining in the second quarter valued at $56,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in SSR Mining in the third quarter valued at $57,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Stock Performance

Shares of SSRM opened at $7.54 on Wednesday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.53 billion, a PE ratio of -3.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.69. The company’s 50 day simple moving average is $5.95 and its 200-day simple moving average is $5.42. SSR Mining has a 12-month low of $3.76 and a 12-month high of $11.35.

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.