ValuEngine downgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a buy rating to a hold rating in a research report released on Wednesday.
Several other equities research analysts have also issued reports on the stock. TheStreet upgraded shares of SSR Mining from a c+ rating to a b- rating in a research report on Friday, May 11th. BidaskClub upgraded shares of SSR Mining from a hold rating to a buy rating in a research report on Tuesday, April 24th. Scotiabank lifted their target price on shares of SSR Mining from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Tuesday, March 13th. Finally, Credit Suisse Group upgraded shares of SSR Mining from a neutral rating to an outperform rating in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $12.38.
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Shares of SSR Mining opened at $10.27 on Wednesday, Marketbeat reports. SSR Mining has a 1 year low of $10.24 and a 1 year high of $10.49. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 30.21 and a beta of -0.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 10.40 and a quick ratio of 8.63.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Thursday, May 10th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. SSR Mining had a net margin of 12.44% and a return on equity of 2.60%. The business had revenue of $97.90 million during the quarter, compared to analyst estimates of $100.40 million. SSR Mining’s revenue was down 17.0% on a year-over-year basis. equities research analysts predict that SSR Mining will post 0.21 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of SSRM. Koch Industries Inc. purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $116,000. Natixis purchased a new position in shares of SSR Mining during the first quarter worth approximately $145,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of SSR Mining during the fourth quarter worth approximately $154,000. Compagnie Lombard Odier SCmA purchased a new position in shares of SSR Mining during the first quarter worth approximately $166,000. Finally, Raymond James & Associates raised its stake in shares of SSR Mining by 45.5% during the fourth quarter. Raymond James & Associates now owns 19,336 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 6,045 shares in the last quarter. 47.55% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.