In yesterday’s Wall Street session, SSR Mining Inc. (NASDAQ:SSRM) shares traded at $14.29, up 0.92% from the previous session.
As of this writing, 10 analysts cover SSR Mining Inc. (NASDAQ:SSRM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $28.05 and a low of $17.41, we find $20.98. Given the previous closing price of $14.16, this indicates a potential upside of 48.16 percent. SSRM stock price is now -2.08% away from the 50-day moving average and -4.48% away from the 200-day moving average. The market capitalization of the company currently stands at $2.89B.
There are 1 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $21.78 as their price target over the next twelve months.
With the price target of $22, UBS recently initiated with Buy rating for SSR Mining Inc. (NASDAQ: SSRM).
In other news, Anglin Arthur Michael, Director bought 8,000 shares of the company’s stock on May 12. The stock was bought for $129,840 at an average price of $16.23. Upon completion of the transaction, the Director now directly owns 52,306 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Chief Corp Development Officer Farid Fady Adel Edward sold 2,955 shares of the business’s stock. A total of $39,331 was realized by selling the stock at an average price of $13.31. This leaves the insider owning 115,466 shares of the company worth $1.65 million. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SSRM stock. A new stake in SSR Mining Inc. shares was purchased by CANOE FINANCIAL LP during the first quarter worth $12,656,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $6,193,000 in shares of SSRM during the first quarter. In the first quarter, CAPTION MANAGEMENT, LLC acquired a new stake in SSR Mining Inc. valued at approximately $2,268,000. THRIVENT FINANCIAL FOR LUTHERANS acquired a new stake in SSRM for approximately $1,929,000. GSA CAPITAL PARTNERS LLP purchased a new stake in SSRM valued at around $1,060,000 in the second quarter.
Friday morning saw SSR Mining Inc. (NASDAQ: SSRM) opened at $14.35. During the past 12 months, SSR Mining Inc. has had a low of $12.78 and a high of $17.74. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 5.30, and a quick ratio of 3.30. The fifty day moving average price for SSRM is $14.55 and a two-hundred day moving average price translates $14.96 for the stock.
The latest earnings results from SSR Mining Inc. (NASDAQ: SSRM) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.03 by 0.07. This compares to $0.34 EPS in the same period last year. The net profit margin was 14.10% and return on equity was 4.40% for SSRM. The company reported revenue of $314.61 million for the quarter, compared to $355.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.49 percent. For the current quarter, analysts expect SSRM to generate $312.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/12/2023. Investors who held shares on 05/15/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 1.96% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, SSRM is presently at 37.30%.
