SSR Mining (NASDAQ:SSRM) (TSE:SSO) had its price target cut by investment analysts at Citigroup from $11.00 to $10.00 in a research note issued on Wednesday. The firm currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price target would suggest a potential upside of 15.21% from the stock’s current price.

A number of other equities analysts have also recently commented on SSRM. ValuEngine upgraded SSR Mining from a “hold” rating to a “buy” rating in a report on Friday, May 4th. TheStreet upgraded SSR Mining from a “c+” rating to a “b-” rating in a report on Friday, May 11th. BidaskClub cut SSR Mining from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Finally, Zacks Investment Research upgraded SSR Mining from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, May 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.88.

Shares of SSR Mining stock opened at $8.68 on Wednesday. The company has a market capitalization of $1.10 billion, a PE ratio of 25.56 and a beta of -0.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.67 and a quick ratio of 6.20. SSR Mining has a one year low of $7.64 and a one year high of $11.44.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its earnings results on Thursday, August 9th. The basic materials company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.08. The firm had revenue of $104.00 million during the quarter, compared to analysts’ expectations of $107.90 million. SSR Mining had a return on equity of 2.51% and a net margin of 4.98%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. research analysts forecast that SSR Mining will post 0.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of SSRM. Natixis purchased a new position in SSR Mining during the 1st quarter valued at $145,000. Compagnie Lombard Odier SCmA purchased a new position in SSR Mining during the 1st quarter valued at $166,000. Raymond James & Associates boosted its holdings in SSR Mining by 45.5% during the 4th quarter. Raymond James & Associates now owns 19,336 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 6,045 shares during the period. Tower Research Capital LLC TRC boosted its holdings in SSR Mining by 2,013.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,717 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 22,595 shares during the period. Finally, BlackRock Inc. boosted its holdings in SSR Mining by 133.3% during the 2nd quarter. BlackRock Inc. now owns 25,553 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 14,600 shares during the period. Institutional investors own 48.29% of the company’s stock.

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; and the Seabee Gold Operation located in Saskatchewan, Canada.

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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