SSR Mining Inc. (NASDAQ:SSRM) Given Consensus Rating of “Hold” by Analysts

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.18.

SSRM has been the topic of a number of research analyst reports. UBS Group increased their target price on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. lifted its stake in SSR Mining by 45.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock valued at $37,124,000 after buying an additional 2,587,212 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after acquiring an additional 462,000 shares during the period. Tidal Investments LLC lifted its position in SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock valued at $15,713,000 after purchasing an additional 166,130 shares during the last quarter. National Bank of Canada FI boosted its stake in SSR Mining by 3.8% during the 3rd quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock valued at $15,551,000 after purchasing an additional 100,946 shares during the period. Finally, JPMorgan Chase & Co. grew its position in SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after purchasing an additional 220,349 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Stock Performance

Shares of SSRM stock opened at $7.80 on Thursday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.26 and a beta of 0.61. SSR Mining has a one year low of $3.76 and a one year high of $9.99. The company’s 50-day simple moving average is $6.75 and its 200-day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91.

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.