SSR Mining Inc. (NASDAQ:SSRM) Receives $7.01 Consensus Price Target from Analysts

SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) has been assigned a consensus rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.01.

Separately, UBS Group increased their target price on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

SSR Mining Stock Performance

NASDAQ SSRM opened at $5.51 on Friday. SSR Mining has a 52-week low of $3.76 and a 52-week high of $12.04. The stock has a market cap of $1.12 billion, a PE ratio of -2.31, a P/E/G ratio of 0.91 and a beta of 0.72. The firm has a 50-day moving average of $5.84 and a 200-day moving average of $5.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its position in SSR Mining by 24.8% in the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 2,619 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of SSR Mining by 9.8% in the 3rd quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 2,788 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of SSR Mining by 23.3% during the second quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 3,760 shares during the period. Quarry LP boosted its holdings in SSR Mining by 119.7% in the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 5,649 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its holdings in shares of SSR Mining by 17.1% in the 2nd quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock worth $213,000 after purchasing an additional 6,860 shares in the last quarter. Institutional investors own 68.30% of the company’s stock.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the 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.