Other research analysts have also recently issued research reports about the stock. B. Riley set a $17.00 price objective on shares of SSR Mining and gave the company a hold rating in a report on Monday, August 12th. BMO Capital Markets raised their price target on shares of SSR Mining to $19.50 and gave the company an outperform rating in a research report on Tuesday, July 23rd. Citigroup set a $14.00 price target on shares of SSR Mining and gave the company a hold rating in a research report on Tuesday, July 2nd. TheStreet upgraded shares of SSR Mining from a c rating to a b- rating in a research note on Monday, August 12th. Finally, ValuEngine lowered SSR Mining from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $16.43.
Shares of SSR Mining stock opened at $15.21 on Friday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 66.13 and a beta of -0.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.02 and a quick ratio of 2.91. The business has a 50-day moving average of $16.19 and a 200 day moving average of $13.53. SSR Mining has a 12 month low of $8.25 and a 12 month high of $17.56.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The company had revenue of $155.15 million for the quarter, compared to analyst estimates of $143.00 million. SSR Mining had a net margin of 4.18% and a return on equity of 4.84%. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Equities research analysts anticipate that SSR Mining will post 0.61 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Paulson & CO. Inc. purchased a new position in SSR Mining in the second quarter worth approximately $15,833,000. Amundi Pioneer Asset Management Inc. lifted its position in shares of SSR Mining by 22.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 814,999 shares of the basic materials company’s stock worth $11,141,000 after purchasing an additional 148,140 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of SSR Mining by 90.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 385,598 shares of the basic materials company’s stock worth $5,271,000 after purchasing an additional 182,918 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of SSR Mining by 45.4% during the second quarter. Cubist Systematic Strategies LLC now owns 17,102 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 5,341 shares in the last quarter. Finally, Jefferies Group LLC acquired a new position in shares of SSR Mining during the second quarter worth $488,000. Hedge funds and other institutional investors own 57.24% of the company’s stock.
About SSR Mining
SSR Mining Inc engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold and silver deposits. Its projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
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