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

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.18.

A number of equities analysts recently weighed in on SSRM shares. StockNews.com downgraded shares of SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. UBS Group boosted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th.

Institutional Trading of SSR Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. increased its position in shares of SSR Mining by 45.9% during 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 period. National Bank of Canada FI lifted its stake in SSR Mining by 73.7% in the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock worth $11,815,000 after purchasing an additional 1,118,417 shares in the last quarter. Hsbc Holdings PLC bought a new position in SSR Mining in the 2nd quarter valued at $3,289,000. Acadian Asset Management LLC grew its position in shares of SSR Mining by 111.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,209,763 shares of the basic materials company’s stock valued at $5,440,000 after purchasing an additional 637,161 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of SSR Mining by 6.9% in the first quarter. Vanguard Group Inc. now owns 8,303,664 shares of the basic materials company’s stock worth $37,034,000 after purchasing an additional 533,880 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Up 5.3 %

SSRM stock opened at $6.00 on Wednesday. The stock has a market cap of $1.21 billion, a P/E ratio of -2.51, a P/E/G ratio of 0.94 and a beta of 0.69. 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 stock’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $5.39. SSR Mining has a 1-year low of $3.76 and a 1-year high of $11.91.

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.