SSR Mining Inc. (NASDAQ:SSRM) Given Average Recommendation of “Hold” by Brokerages

Shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.18.

SSRM has been the subject of several recent research reports. UBS Group lifted their target price 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 raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th.

Institutional Investors Weigh In On SSR Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its holdings 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 acquiring an additional 5,066 shares in the last quarter. Catalina Capital Group LLC increased its holdings in SSR Mining by 66.7% in the 4th quarter. Catalina Capital Group LLC now owns 27,143 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 10,856 shares in the last quarter. Cibc World Market Inc. increased its holdings in SSR Mining by 22.1% in the 4th quarter. Cibc World Market Inc. now owns 3,730,876 shares of the basic materials company’s stock worth $25,967,000 after acquiring an additional 674,793 shares in the last quarter. Lincoln Capital LLC purchased a new stake in SSR Mining in the 4th quarter worth $70,000. Finally, HB Wealth Management LLC increased its holdings in SSR Mining by 11.3% in the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

SSR Mining Stock Performance

Shares of NASDAQ SSRM opened at $7.82 on Thursday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -3.27 and a beta of 0.61. The company has a 50 day simple moving average of $6.97 and a two-hundred day simple moving average of $6.04. SSR Mining has a 12 month low of $3.76 and a 12 month high of $9.85.

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.