SSR Mining (NASDAQ:SSRM) Price Target Raised to $12.35 at UBS Group

SSR Mining (NASDAQ:SSRM) (TSE:SSO) had its price objective boosted by UBS Group from $12.10 to $12.35 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

SSRM has been the topic of a number of other research reports. Royal Bank of Canada raised shares of SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $5.50 to $8.00 in a report on Wednesday, February 5th. CIBC boosted their target price on SSR Mining from $8.25 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. National Bank Financial upgraded SSR Mining to a “hold” rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.03.

SSR Mining Trading Up 4.6 %

Shares of SSR Mining stock opened at $10.65 on Friday. The stock has a fifty day moving average price of $10.06 and a 200-day moving average price of $7.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.70 and a quick ratio of 1.97. The firm has a market cap of $2.16 billion, a PE ratio of -8.26, a P/E/G ratio of 0.37 and a beta of 0.30. SSR Mining has a 1 year low of $4.32 and a 1 year high of $11.48.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $323.19 million for the quarter, compared to analysts’ expectations of $262.20 million. SSR Mining had a positive return on equity of 1.46% and a negative net margin of 26.24%. Equities research analysts anticipate that SSR Mining will post 0.73 EPS for the current year.

Hedge Funds Weigh In On SSR Mining

Large investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its stake in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 2,619 shares during the period. Quantinno Capital Management LP grew its holdings in SSR Mining by 9.8% during the 3rd quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock valued at $177,000 after buying an additional 2,788 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of SSR Mining by 399.1% during the third quarter. Public Employees Retirement System of Ohio now owns 432,162 shares of the basic materials company’s stock valued at $2,455,000 after buying an additional 345,568 shares during the period. Barclays PLC lifted its holdings in shares of SSR Mining by 33.8% in the third quarter. Barclays PLC now owns 701,763 shares of the basic materials company’s stock worth $3,985,000 after buying an additional 177,447 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of SSR Mining in the third quarter valued at approximately $334,000. 68.30% of the stock is owned by institutional investors.

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.