SSR Mining Inc (SSRM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.25.

SSRM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. BidaskClub upgraded shares of SSR Mining from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. TheStreet upgraded shares of SSR Mining from a “c” rating to a “b-” rating in a report on Monday, November 12th. ValuEngine downgraded shares of SSR Mining from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of SSR Mining in a report on Sunday, October 21st.

Shares of NASDAQ SSRM traded down $0.07 during midday trading on Thursday, reaching $10.70. The company’s stock had a trading volume of 475,523 shares, compared to its average volume of 820,012. The company has a quick ratio of 6.29, a current ratio of 8.91 and a debt-to-equity ratio of 0.24. SSR Mining has a fifty-two week low of $7.64 and a fifty-two week high of $11.44. The company has a market capitalization of $1.28 billion, a PE ratio of 31.47 and a beta of -0.41.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last posted its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. SSR Mining had a net margin of 6.12% and a return on equity of 3.14%. The company had revenue of $115.03 million for the quarter, compared to the consensus estimate of $113.00 million. During the same period last year, the company earned $0.04 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that SSR Mining will post 0.24 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in SSR Mining during the third quarter worth $135,000. Engineers Gate Manager LP acquired a new position in SSR Mining during the third quarter worth $199,000. Raymond James & Associates increased its holdings in SSR Mining by 36.6% during the second quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock worth $232,000 after buying an additional 6,300 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in SSR Mining by 2,013.8% during the second quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock worth $234,000 after buying an additional 22,595 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in SSR Mining by 133.3% during the second quarter. BlackRock Inc. now owns 25,553 shares of the basic materials company’s stock worth $252,000 after buying an additional 14,600 shares during the last quarter. Institutional investors and hedge funds own 49.02% 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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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