B. Riley set a $17.00 price objective on SSR Mining (NASDAQ:SSRM) (TSE:SSO) in a research note published on Monday, TipRanks reports. The firm currently has a hold rating on the basic materials company’s stock. B. Riley also issued estimates for SSR Mining’s Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.65 EPS, FY2020 earnings at $0.87 EPS and FY2021 earnings at $1.80 EPS.
A number of other research firms have also weighed in on SSRM. ValuEngine lowered shares of SSR Mining from a strong-buy rating to a buy rating in a report on Thursday, August 1st. BidaskClub raised shares of SSR Mining from a buy rating to a strong-buy rating in a report on Saturday, July 27th. Zacks Investment Research raised shares of SSR Mining from a hold rating to a strong-buy rating and set a $14.00 target price on the stock in a report on Tuesday, April 30th. Citigroup set a $14.00 target price on shares of SSR Mining and gave the stock a hold rating in a report on Tuesday, July 2nd. Finally, TheStreet raised shares of SSR Mining from a c rating to a b- rating in a report on Monday. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $16.22.
SSRM stock opened at $16.23 on Monday. The company has a 50 day simple moving average of $15.10 and a 200 day simple moving average of $13.22. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 70.57 and a beta of -0.34. SSR Mining has a 1 year low of $8.11 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 3.04.
SSR Mining (NASDAQ:SSRM) (TSE:SSO) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The business had revenue of $155.15 million during the quarter, compared to analysts’ expectations of $143.00 million. SSR Mining had a net margin of 4.18% and a return on equity of 4.91%. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. On average, equities research analysts anticipate that SSR Mining will post 0.61 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC grew its holdings in SSR Mining by 40.5% during the 1st quarter. Advisory Services Network LLC now owns 19,801 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 5,705 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of SSR Mining in the 1st quarter valued at $4,762,000. Norges Bank bought a new stake in shares of SSR Mining in the 4th quarter valued at $21,049,000. Great West Life Assurance Co. Can boosted its stake in shares of SSR Mining by 6.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,690 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 3,735 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of SSR Mining in the 4th quarter valued at $983,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.
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; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina.
Featured Article: Trading Ex-Dividend Strategy
Receive News & Ratings for SSR Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SSR Mining and related companies with MarketBeat.com's FREE daily email newsletter.