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 ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.18.

Several equities analysts have recently issued reports on SSRM shares. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group boosted 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.

SSR Mining Stock Down 5.1 %

Shares of SSRM stock opened at $7.61 on Thursday. The stock’s fifty day moving average price is $6.90 and its 200 day moving average price is $6.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. SSR Mining has a 1-year low of $3.76 and a 1-year high of $9.85. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -3.18 and a beta of 0.61.

Institutional Investors Weigh In On SSR Mining

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in SSR Mining during the 2nd quarter worth approximately $32,000. Point72 DIFC Ltd purchased a new position in shares of SSR Mining during the third quarter worth $47,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining during the third quarter valued at $57,000. Lincoln Capital LLC purchased a new stake in SSR Mining in the fourth quarter valued at $70,000. Finally, Quarry LP grew its position in SSR Mining by 119.7% during the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.