SSR Mining Inc. (NASDAQ:SSRM) Given Average Recommendation of “Hold” by Brokerages

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.18.

SSRM has been the subject of a number of research reports. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group increased their price objective on 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 Up 1.0 %

SSR Mining stock opened at $7.06 on Friday. The stock has a market cap of $1.43 billion, a PE ratio of -2.95, a P/E/G ratio of 1.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The stock’s fifty day moving average is $6.33 and its two-hundred day moving average is $5.61. SSR Mining has a 1-year low of $3.76 and a 1-year high of $11.02.

Institutional Trading of SSR Mining

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new position in shares of SSR Mining during the second quarter valued at $3,289,000. National Bank of Canada FI boosted its stake in SSR Mining by 73.7% during the 2nd quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company’s stock valued at $11,815,000 after purchasing an additional 1,118,417 shares during the period. Two Sigma Advisers LP grew its position in 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 purchasing an additional 462,000 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of SSR Mining by 25.5% in the second quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company’s stock valued at $3,992,000 after purchasing an additional 179,601 shares during the period. Finally, Verition Fund Management LLC raised its holdings in shares of SSR Mining by 177.5% during the third quarter. Verition Fund Management LLC now owns 105,763 shares of the basic materials company’s stock valued at $601,000 after buying an additional 67,657 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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.