SSR Mining Inc (SSRM) Given Consensus Rating of “Hold” by Brokerages
Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.50.
SSRM has been the subject of a number of analyst reports. Zacks Investment Research downgraded SSR Mining from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. BMO Capital Markets initiated coverage on SSR Mining in a research report on Friday, November 17th. They set an “outperform” rating and a $12.50 price objective for the company. Scotiabank downgraded SSR Mining from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 9th. BidaskClub upgraded SSR Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, National Bank Financial restated an “outperform market weight” rating on shares of SSR Mining in a research report on Wednesday, December 13th.
SSR Mining (NASDAQ SSRM) traded up $0.04 on Tuesday, hitting $8.63. The stock had a trading volume of 753,705 shares, compared to its average volume of 1,170,000. The firm has a market cap of $1,040.00, a price-to-earnings ratio of 17.61 and a beta of -0.11. SSR Mining has a 12 month low of $7.64 and a 12 month high of $11.49. The company has a current ratio of 11.19, a quick ratio of 7.96 and a debt-to-equity ratio of 0.23.
Hedge funds have recently modified their holdings of the business. James Investment Research Inc. boosted its position in shares of SSR Mining by 8,368.4% during the fourth quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock valued at $1,556,000 after buying an additional 174,900 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of SSR Mining during the fourth quarter valued at approximately $224,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of SSR Mining during the fourth quarter valued at approximately $154,000. American Century Companies Inc. lifted its holdings in SSR Mining by 33.0% during the fourth quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock worth $3,701,000 after acquiring an additional 104,500 shares during the period. Finally, AGF Investments Inc. lifted its holdings in SSR Mining by 11.5% during the fourth quarter. AGF Investments Inc. now owns 479,200 shares of the basic materials company’s stock worth $4,220,000 after acquiring an additional 49,300 shares during the period. Institutional investors and hedge funds own 43.28% of the company’s stock.
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About SSR Mining
SSR Mining Inc, formerly Silver Standard Resources Inc, is a Canada-based resource company. The Company is engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company’s segments include Pirquitas mine, Marigold mine, Seabee Gold Operation, and Exploration and evaluation properties.
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