SSR Mining (NASDAQ:SSRM) Rating Reiterated by National Bank Financial

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO)‘s stock had its “sector perform spec overwgt” rating reiterated by National Bank Financial in a note issued to investors on Monday.

A number of other analysts have also recently weighed in on SSRM. CIBC cut SSR Mining from a “sector outperform” rating to a “neutral” rating and reduced their price target for the stock from $18.50 to $6.00 in a research report on Wednesday, February 14th. TD Securities cut SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Desjardins cut SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. UBS Group cut SSR Mining from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $5.00 in a research report on Thursday, February 22nd. Finally, TheStreet cut SSR Mining from a “c” rating to a “d” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, SSR Mining currently has an average rating of “Hold” and an average price target of $6.63.

Check Out Our Latest Stock Analysis on SSRM

SSR Mining Price Performance

SSRM opened at $5.34 on Monday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -10.47, a PEG ratio of 1.62 and a beta of 0.82. SSR Mining has a 1 year low of $3.76 and a 1 year high of $17.72. The company has a current ratio of 7.01, a quick ratio of 3.99 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $5.17 and a 200 day moving average price of $9.41.

SSR Mining (NASDAQ:SSRMGet Free Report) (TSE:SSO) last released its quarterly earnings data on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. The firm had revenue of $425.90 million during the quarter. SSR Mining had a positive return on equity of 6.27% and a negative net margin of 6.87%. During the same period in the previous year, the business posted $0.12 EPS. Analysts forecast that SSR Mining will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On SSR Mining

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in shares of SSR Mining by 321.9% in the 3rd quarter. American Century Companies Inc. now owns 647,054 shares of the basic materials company’s stock worth $8,599,000 after buying an additional 493,695 shares in the last quarter. Scotia Capital Inc. raised its holdings in shares of SSR Mining by 210.5% in the 3rd quarter. Scotia Capital Inc. now owns 351,768 shares of the basic materials company’s stock worth $4,660,000 after buying an additional 238,481 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of SSR Mining in the 4th quarter worth approximately $50,352,000. Hsbc Holdings PLC acquired a new position in shares of SSR Mining in the 3rd quarter worth approximately $259,000. Finally, U S Global Investors Inc. bought a new stake in SSR Mining during the 4th quarter worth approximately $3,405,000. 68.30% of the stock is owned by institutional investors and hedge funds.

About SSR Mining

(Get Free Report)

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.

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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