SSR Mining (NASDAQ:SSRM) Price Target Increased to $6.80 by Analysts at UBS Group

SSR Mining (NASDAQ:SSRM) (TSE:SSO) had its price objective lifted by UBS Group from $6.30 to $6.80 in a report issued on Tuesday, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Separately, CIBC increased their target price on shares of SSR Mining from $5.50 to $5.75 and gave the stock a neutral rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $7.01.

SSR Mining Stock Up 2.6 %

Shares of NASDAQ:SSRM opened at $5.89 on Tuesday. SSR Mining has a 52 week low of $3.76 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.78 and a current ratio of 3.54. The company has a market cap of $1.19 billion, a PE ratio of -2.85, a price-to-earnings-growth ratio of 0.60 and a beta of 0.73. The firm has a 50 day simple moving average of $5.43 and a 200 day simple moving average of $5.22.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. The company had revenue of $184.84 million during the quarter. As a group, research analysts expect that SSR Mining will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On SSR Mining

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in shares of SSR Mining by 23.3% in the 2nd 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 last quarter. CWM LLC lifted its stake in shares of SSR Mining by 178.5% in the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 3,926 shares during the last quarter. Quarry LP lifted its stake in shares of SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 5,649 shares during the last quarter. Oak Thistle LLC raised its holdings in SSR Mining by 20.0% in the 1st quarter. Oak Thistle LLC now owns 40,083 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 6,680 shares during the period. Finally, Cadence Wealth Management LLC raised its holdings in 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 acquiring an additional 6,860 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

SSR Mining Company Profile

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.