SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) was the target of unusually large options trading activity on Tuesday. Stock investors bought 10,236 call options on the stock. This represents an increase of 310% compared to the average daily volume of 2,496 call options.
NASDAQ SSRM opened at $15.15 on Thursday. SSR Mining has a 12 month low of $13.32 and a 12 month high of $25.32. The company has a current ratio of 5.37, a quick ratio of 3.67 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $14.93 and its 200-day moving average price is $17.77. The stock has a market cap of $3.33 billion, a P/E ratio of 30.92, a P/E/G ratio of 2.41 and a beta of 0.94.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Wednesday, February 17th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The firm had revenue of $370.73 million during the quarter, compared to the consensus estimate of $410.40 million. SSR Mining had a return on equity of 7.81% and a net margin of 9.44%. As a group, analysts forecast that SSR Mining will post 1.28 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in SSRM. International Assets Investment Management LLC purchased a new position in SSR Mining in the 4th quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SSR Mining during the fourth quarter valued at $149,000. Pinnacle Financial Partners Inc. bought a new position in shares of SSR Mining during the fourth quarter valued at $200,000. AlphaCrest Capital Management LLC purchased a new stake in shares of SSR Mining during the third quarter valued at $201,000. Finally, Comerica Bank bought a new stake in SSR Mining in the 4th quarter worth about $207,000. 51.45% of the stock is owned by institutional investors.
SSRM has been the topic of several research reports. JPMorgan Chase & Co. assumed coverage on SSR Mining in a research report on Wednesday, February 10th. They set an “overweight” rating on the stock. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, March 24th. Canaccord Genuity decreased their price objective on SSR Mining from $35.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 18th. Scotiabank dropped their target price on shares of SSR Mining from $39.50 to $38.50 and set an “outperform” rating on the stock in a report on Monday, January 11th. Finally, National Bank Financial reiterated an “outperform” rating on shares of SSR Mining in a research note on Tuesday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. SSR Mining currently has an average rating of “Buy” and an average price target of $32.20.
About SSR Mining
SSR Mining Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, lead, and zinc deposits. Its projects include the ÃÃ¶pler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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