Shares of SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) have received a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.31.

A number of research analysts have commented on the company. Howard Weil raised SSR Mining from a “sector perform” rating to a “sector outperform” rating in a report on Friday, October 12th. ValuEngine raised SSR Mining from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Zacks Investment Research lowered SSR Mining from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. BidaskClub raised SSR Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. Finally, TheStreet raised SSR Mining from a “c” rating to a “b-” rating in a report on Monday, November 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of SSR Mining by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 333,307 shares of the basic materials company’s stock worth $2,903,000 after purchasing an additional 4,745 shares in the last quarter. Raymond James & Associates lifted its position in shares of SSR Mining by 36.6% during the 2nd quarter. Raymond James & Associates now owns 23,536 shares of the basic materials company’s stock worth $232,000 after buying an additional 6,300 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of SSR Mining by 14.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 64,560 shares of the basic materials company’s stock worth $636,000 after buying an additional 8,088 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of SSR Mining by 14.7% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 82,750 shares of the basic materials company’s stock worth $719,000 after buying an additional 10,620 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of SSR Mining by 76.0% during the 2nd quarter. Bank of America Corp DE now owns 26,823 shares of the basic materials company’s stock worth $265,000 after buying an additional 11,580 shares during the last quarter. 48.96% of the stock is currently owned by institutional investors.

NASDAQ SSRM traded up $0.07 on Friday, reaching $11.90. The stock had a trading volume of 52,732 shares, compared to its average volume of 750,121. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.91 and a quick ratio of 6.29. SSR Mining has a 1-year low of $7.64 and a 1-year high of $12.70. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 35.03 and a beta of -0.57.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last issued its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. SSR Mining had a return on equity of 3.14% and a net margin of 6.12%. The firm had revenue of $115.03 million for the quarter, compared to analyst estimates of $113.00 million. During the same period in the prior year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that SSR Mining will post 0.24 earnings per share for the current fiscal year.

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

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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