BidaskClub downgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a buy rating to a hold rating in a report issued on Saturday morning.
Other analysts have also recently issued research reports about the company. TheStreet upgraded SSR Mining from a c rating to a b- rating in a research report on Monday, November 12th. Canaccord Genuity reiterated a buy rating on shares of SSR Mining in a research report on Sunday, October 21st. Zacks Investment Research upgraded SSR Mining from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Friday, October 19th. ValuEngine upgraded SSR Mining from a hold rating to a buy rating in a research report on Friday, October 12th. Finally, Citigroup dropped their price objective on SSR Mining from $11.00 to $10.00 and set a neutral rating for the company in a research report on Wednesday, August 29th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SSR Mining currently has an average rating of Buy and an average target price of $11.88.
NASDAQ:SSRM opened at $10.70 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 31.47 and a beta of -0.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.91 and a quick ratio of 6.29. SSR Mining has a 52-week low of $7.64 and a 52-week high of $11.44.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in SSR Mining by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,878,489 shares of the basic materials company’s stock valued at $25,071,000 after buying an additional 109,627 shares during the period. Morgan Stanley lifted its stake in shares of SSR Mining by 80.6% in the 3rd quarter. Morgan Stanley now owns 1,231,032 shares of the basic materials company’s stock valued at $10,722,000 after purchasing an additional 549,539 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of SSR Mining in the 3rd quarter valued at about $462,000. Jane Street Group LLC lifted its stake in shares of SSR Mining by 214.5% in the 3rd quarter. Jane Street Group LLC now owns 61,963 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 42,258 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. lifted its stake in shares of SSR Mining by 14.7% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 82,750 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 10,620 shares in the last quarter. Institutional investors own 49.02% of the company’s stock.
SSR Mining Company Profile
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.
Featured Story: What is the float in trading stocks?
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.