Analysts Set SSR Mining Inc. (NASDAQ:SSRM) PT at $5.18

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.18.

SSRM has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut SSR Mining from a “hold” rating to a “sell” rating in a report on Wednesday.

SSR Mining Price Performance

SSRM opened at $7.12 on Friday. SSR Mining has a 1 year low of $3.76 and a 1 year high of $10.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The company’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $5.68. The stock has a market capitalization of $1.44 billion, a PE ratio of -2.98, a P/E/G ratio of 1.23 and a beta of 0.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SSR Mining during the 2nd quarter valued at about $32,000. Quarry LP raised its stake in shares of SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 5,649 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of SSR Mining during the third quarter valued at approximately $47,000. HB Wealth Management LLC acquired a new position in shares of SSR Mining during the second quarter worth $56,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of SSR Mining in the third quarter valued at $57,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.