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

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.18.

A number of research firms have commented on SSRM. UBS Group raised their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, January 17th.

Institutional Trading of SSR Mining

A number of institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its stake in SSR Mining by 24.8% in the 4th quarter. Bleakley Financial Group LLC now owns 25,461 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 5,066 shares in the last quarter. Catalina Capital Group LLC lifted its stake in SSR Mining by 66.7% during the 4th quarter. Catalina Capital Group LLC now owns 27,143 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 10,856 shares during the period. Cibc World Market Inc. lifted its stake in SSR Mining by 22.1% during the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock valued at $25,967,000 after acquiring an additional 674,793 shares during the period. Lincoln Capital LLC acquired a new stake in SSR Mining during the 4th quarter valued at approximately $70,000. Finally, HB Wealth Management LLC lifted its stake in SSR Mining by 11.3% during the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 1,463 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Trading Up 2.2 %

SSRM stock opened at $7.82 on Thursday. The company has a market capitalization of $1.58 billion, a PE ratio of -3.27 and a beta of 0.61. SSR Mining has a 12 month low of $3.76 and a 12 month high of $9.85. The firm’s 50-day moving average is $6.97 and its 200 day moving average is $6.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

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.