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SSR Mining (NASDAQ:SSRM) is trading 3.7% higher


SSR Mining Inc. (NASDAQ:SSRM – Get Free Report) (TSE:SSO) rose 3.7% during trading on Friday. The company traded at $5.36 and last traded at $5.33. About 1,168,139 shares traded during midday trading, a 75% decline from the average daily volume of 4,743,107 shares. The stock previously closed at $5.14.

Wall Street analysts predict growth

SSRM has been the subject of a number of recent research reports. UBS Group downgraded shares of SSR Mining from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $5.00 in a research report on Thursday, February 22. CIBC downgraded shares of SSR Mining from a “sector outperform” rating to a “neutral” rating and lowered their price objective for the stock from $18.50 to $6.00 in a research report on Wednesday, February 14. Scotiabank downgraded shares of SSR Mining from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14. TD Securities downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $3.00 price objective (up from $6.00) on shares of SSR Mining in a research report on Tuesday, February 20. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of ‘Hold’ and an average price target of $6.63.

Get our latest stock analysis on SSR Mining

SSR mining increases by 3.9%

The company has a debt-to-equity ratio of 0.07, a current ratio of 7.01 and a quick ratio of 3.99. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -10.47, a price-to-earnings growth ratio of 1.34, and a beta of 0.82. The company’s 50-day simple moving average is $4.66 and its two-hundred-day simple moving average is $9.04.

SSR Mining (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last reported its earnings results on Tuesday, February 27th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.23. The company had revenue of $425.90 million during the quarter. SSR Mining had a negative net margin of 6.87% and a positive return on equity of 6.27%. During the same period last year, the company earned earnings per share of $0.12. As a group, sell-side analysts expect SSR Mining Inc. will post a profit per share of 0.22 for the current financial year.

Institutional inflow and outflow

Several hedge funds have recently bought and sold shares of SSRM. Great West Life Assurance Co. Can increased its stake in SSR Mining by 9.8% during the first quarter. Great West Life Assurance Co. Can now owns 12,841 shares of the basic materials company’s stock worth $297,000 after purchasing an additional 1,143 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of SSR Mining by 31.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,454,876 shares of the basic materials company’s stock valued at $31,644,000 after purchasing an additional 349,449 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of SSR Mining in the first quarter worth approximately $413,000. Cetera Investment Advisers bought a new position in shares of SSR Mining in the first quarter worth approximately $202,000. Finally, Moors & Cabot Inc. purchased. a new position in shares of SSR Mining in the first quarter, worth approximately $212,000. Hedge funds and other institutional investors own 68.30% of the company’s shares.

SSR Mining Company Profile

(Get a free report)

SSR Mining Inc, together with its subsidiaries, engages in the exploitation, acquisition, exploration and development of precious metals properties in the United States, Turkey, Canada and Argentina. The company explores gold doré, copper, silver, lead and zinc deposits. Mines include 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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