SSR Mining (NASDAQ:SSRM) Upgraded to “Buy” by BidaskClub
SSRM has been the subject of a number of other research reports. Scotiabank restated a buy rating on shares of Canadian Natural Resources in a research report on Tuesday, April 2nd. Citigroup restated a buy rating and issued a $25.00 price objective on shares of Propetro in a research report on Tuesday, July 2nd. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Finally, Zacks Investment Research downgraded shares of German American Bancorp. from a buy rating to a hold rating in a research report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. SSR Mining currently has an average rating of Buy and an average target price of $15.74.
Shares of NASDAQ:SSRM opened at $15.74 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.04 and a current ratio of 4.36. The firm has a market capitalization of $1.82 billion, a P/E ratio of 68.43 and a beta of -0.36. SSR Mining has a 52 week low of $8.11 and a 52 week high of $15.81. The firm has a 50-day moving average price of $13.02.
Institutional investors have recently modified their holdings of the business. FIL Ltd purchased a new position in SSR Mining in the first quarter valued at about $123,000. Advisory Services Network LLC increased its holdings in SSR Mining by 138.6% in the fourth quarter. Advisory Services Network LLC now owns 14,096 shares of the basic materials company’s stock valued at $170,000 after buying an additional 8,188 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in SSR Mining in the first quarter valued at about $239,000. LPL Financial LLC purchased a new position in SSR Mining in the fourth quarter valued at about $239,000. Finally, Cetera Advisors LLC purchased a new position in SSR Mining in the first quarter valued at about $281,000. 55.36% 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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