SSR Mining Inc (NASDAQ:SSRM) (TSE:SSO) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.50.
Several analysts recently issued reports on the company. BidaskClub raised SSR Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, January 20th. Credit Suisse Group raised SSR Mining from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 16th. Zacks Investment Research raised SSR Mining from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Scotiabank downgraded SSR Mining from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 9th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of SSR Mining in a report on Wednesday, December 13th.
Shares of SSR Mining (SSRM) opened at $8.80 on Tuesday. The stock has a market capitalization of $1,060.00, a P/E ratio of 17.96 and a beta of -0.18. SSR Mining has a 1-year low of $7.64 and a 1-year high of $12.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.42 and a quick ratio of 7.96.
Institutional investors have recently made changes to their positions in the business. James Investment Research Inc. raised its stake in SSR Mining by 8,368.4% during the 4th quarter. James Investment Research Inc. now owns 176,990 shares of the basic materials company’s stock valued at $1,556,000 after acquiring an additional 174,900 shares in the last quarter. AGF Investments Inc. raised its stake in SSR Mining by 11.5% during the 4th quarter. AGF Investments Inc. now owns 479,200 shares of the basic materials company’s stock valued at $4,220,000 after acquiring an additional 49,300 shares in the last quarter. American Century Companies Inc. raised its stake in SSR Mining by 33.0% during the 4th quarter. American Century Companies Inc. now owns 421,100 shares of the basic materials company’s stock valued at $3,701,000 after acquiring an additional 104,500 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in SSR Mining during the 4th quarter valued at $154,000. Finally, The Manufacturers Life Insurance Company raised its stake in SSR Mining by 40.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 137,623 shares of the basic materials company’s stock valued at $1,210,000 after acquiring an additional 39,488 shares in the last quarter. 43.28% of the stock is currently owned by hedge funds and other institutional investors.
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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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