SSR Mining (NASDAQ:SSRM – Free Report) (TSE:SSO) had its price target hoisted by UBS Group from $6.30 to $6.80 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.
Separately, CIBC upped their price target on SSR Mining from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.01.
Read Our Latest Stock Report on SSR Mining
SSR Mining Stock Up 7.2 %
SSR Mining (NASDAQ:SSRM – Get Free Report) (TSE:SSO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. SSR Mining had a negative net margin of 39.15% and a positive return on equity of 5.01%. The company had revenue of $184.84 million for the quarter. On average, research analysts anticipate that SSR Mining will post 0.54 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in shares of SSR Mining by 178.5% during the 1st quarter. CWM LLC now owns 6,126 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 3,926 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SSR Mining during the 2nd quarter worth approximately $32,000. Abich Financial Wealth Management LLC acquired a new stake in shares of SSR Mining during the 1st quarter worth approximately $41,000. Quarry LP increased its stake in shares of SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 5,649 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of SSR Mining during the 2nd quarter valued at $56,000. 68.30% of the stock is owned by institutional investors.
About SSR Mining
SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.
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