Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have been given an average recommendation of “Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $11.25.

Several equities analysts have issued reports on SSRM shares. Zacks Investment Research upgraded SSR Mining from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. BidaskClub upgraded SSR Mining from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. Citigroup cut their target price on SSR Mining from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 29th. Howard Weil upgraded SSR Mining from a “sector perform” rating to a “sector outperform” rating in a research note on Friday. Finally, ValuEngine lowered SSR Mining from a “buy” rating to a “hold” rating in a research note on Monday, August 13th.

Shares of SSR Mining stock traded up $1.16 during trading on Wednesday, hitting $10.58. 2,531,577 shares of the stock traded hands, compared to its average volume of 830,218. The firm has a market cap of $1.05 billion, a P/E ratio of 31.12 and a beta of -0.36. The company has a current ratio of 8.67, a quick ratio of 6.20 and a debt-to-equity ratio of 0.24. SSR Mining has a 52-week low of $7.64 and a 52-week high of $11.44.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The firm had revenue of $104.00 million for the quarter, compared to analyst estimates of $107.90 million. SSR Mining had a return on equity of 2.51% and a net margin of 4.98%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Analysts forecast that SSR Mining will post 0.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of SSRM. Wells Fargo & Company MN boosted its holdings in SSR Mining by 18.5% in the second quarter. Wells Fargo & Company MN now owns 851,576 shares of the basic materials company’s stock worth $8,405,000 after acquiring an additional 132,690 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in SSR Mining by 281.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 66,699 shares of the basic materials company’s stock worth $658,000 after acquiring an additional 49,220 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in SSR Mining by 53.3% in the second quarter. OppenheimerFunds Inc. now owns 690,000 shares of the basic materials company’s stock worth $6,810,000 after acquiring an additional 240,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in SSR Mining by 2,013.8% in the second quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 22,595 shares in the last quarter. Finally, Oxbow Advisors LLC acquired a new stake in SSR Mining in the second quarter worth about $348,000. Institutional investors own 47.53% 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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