Shares of SSR Mining Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) have earned an average rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.01.
A number of research analysts have recently commented on SSRM shares. UBS Group increased their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. CIBC increased their price objective on shares of SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Wednesday, July 10th.
SSR Mining Stock Down 0.2 %
SSR Mining (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $184.84 million during the quarter. SSR Mining had a positive return on equity of 5.01% and a negative net margin of 39.15%. Research analysts forecast that SSR Mining will post 0.44 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SSRM. CWM LLC raised its stake in shares of SSR Mining by 178.5% during the first quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 3,926 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in SSR Mining during the 2nd quarter worth $32,000. Creekmur Asset Management LLC bought a new position in SSR Mining during the 4th quarter worth $40,000. Abich Financial Wealth Management LLC acquired a new position in SSR Mining during the 1st quarter worth about $41,000. Finally, Quarry LP grew its position in shares of SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.
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.
Read More
- Five stocks we like better than SSR Mining
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Best Stocks Under $10.00
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- How to Read Stock Charts for Beginners
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.