SSR Mining (NASDAQ:SSRM) Downgraded to Buy at ValuEngine

ValuEngine lowered shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a strong-buy rating to a buy rating in a research report report published on Thursday morning, ValuEngine reports.

Other research analysts have also issued research reports about the stock. BidaskClub raised shares of SSR Mining from a buy rating to a strong-buy rating in a research note on Saturday, July 27th. Citigroup set a $14.00 price objective on shares of SSR Mining and gave the stock a hold rating in a research note on Tuesday, July 2nd. BMO Capital Markets lifted their price objective on shares of SSR Mining to $19.50 and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Finally, Zacks Investment Research raised shares of SSR Mining from a hold rating to a strong-buy rating and set a $14.00 price objective on the stock in a research note on Tuesday, April 30th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $15.94.

Shares of NASDAQ SSRM traded up $0.77 during mid-day trading on Thursday, hitting $17.04. The company’s stock had a trading volume of 202,972 shares, compared to its average volume of 1,407,021. The stock has a market capitalization of $1.97 billion, a PE ratio of 74.13 and a beta of -0.34. The company has a current ratio of 4.36, a quick ratio of 3.04 and a debt-to-equity ratio of 0.15. SSR Mining has a one year low of $8.11 and a one year high of $16.78. The company has a fifty day simple moving average of $14.24.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. SSR Mining had a net margin of 3.43% and a return on equity of 4.38%. The business had revenue of $126.30 million for the quarter, compared to analyst estimates of $127.70 million. During the same quarter last year, the firm earned $0.05 EPS. SSR Mining’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that SSR Mining will post 0.54 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC lifted its position in SSR Mining by 1,900.0% during the second quarter. FNY Investment Advisers LLC now owns 5,000 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 4,750 shares during the period. Aperio Group LLC bought a new stake in SSR Mining during the second quarter worth about $122,000. FIL Ltd bought a new stake in SSR Mining during the first quarter worth about $123,000. Advisory Services Network LLC lifted its position in SSR Mining by 138.6% during the fourth quarter. Advisory Services Network LLC now owns 14,096 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 8,188 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in SSR Mining during the first quarter worth about $239,000. 55.01% of the stock is owned by institutional investors.

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; 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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