SSR Mining (NASDAQ:SSRM) Downgraded by BidaskClub

BidaskClub lowered shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a buy rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

SSRM has been the subject of several other research reports. Zacks Investment Research downgraded shares of German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. Citigroup reissued a buy rating and issued a $25.00 price objective on shares of Propetro in a report on Tuesday, July 2nd. ValuEngine raised shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st. Finally, Scotiabank reissued a buy rating on shares of Canadian Natural Resources in a report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. SSR Mining presently has a consensus rating of Buy and an average target price of $15.74.

SSR Mining stock opened at $13.59 on Tuesday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 59.09 and a beta of -0.36. The business’s 50-day moving average price is $12.55. SSR Mining has a fifty-two week low of $8.11 and a fifty-two week high of $15.17. The company has a quick ratio of 3.04, a current ratio of 4.36 and a debt-to-equity ratio of 0.15.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $127.70 million. SSR Mining had a net margin of 3.43% and a return on equity of 4.38%. SSR Mining’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Sell-side analysts anticipate that SSR Mining will post 0.43 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of SSR Mining by 40.5% in the 1st quarter. Advisory Services Network LLC now owns 19,801 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 5,705 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of SSR Mining in the 1st quarter valued at $4,762,000. Hexavest Inc. boosted its stake in shares of SSR Mining by 383.1% in the 1st quarter. Hexavest Inc. now owns 189,245 shares of the basic materials company’s stock valued at $2,393,000 after purchasing an additional 150,071 shares during the last quarter. Norges Bank bought a new stake in shares of SSR Mining in the 4th quarter valued at $21,049,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of SSR Mining by 6.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,690 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 3,735 shares during the last quarter. 55.36% of the stock is currently owned by institutional investors.

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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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