The price of SSR Mining Inc (NASDAQ:SSRM) shares last traded on Wall Street fell -1.79% to $11.55.
Based on available information, 11 analysts follow 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 $23.77 and a low of $14.95, we find $18.73. Given the previous closing price of $11.76, this indicates a potential upside of 59.27 percent. SSRM stock price is now -17.72% away from the 50-day moving average and -21.33% away from the 200-day moving average. The market capitalization of the company currently stands at $2.35B.
Among analysts, 1 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $19.45 as their price target over the next twelve months.
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 $0.6 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 $1.33 million. A total of 0.77% of the company’s stock is owned by insiders.
A candlestick chart of SSR Mining Inc (NASDAQ: SSRM) showed a price of $12.00 on Thursday morning. During the past 12 months, SSR Mining Inc has had a low of $11.45 and a high of $17.74. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 6.97, and a quick ratio of 3.76. The fifty day moving average price for SSRM is $13.97 and a two-hundred day moving average price translates $14.66 for the stock.
The latest earnings results from SSR Mining Inc (NASDAQ: SSRM) was released for Sep, 2023. According to the Gold Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.11 by 0.24. This compares to -$0.14 EPS in the same period last year. The net profit margin was 16.35% and return on equity was 6.01% for SSRM. The company reported revenue of $385.39 million for the quarter, compared to $166.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 131.29 percent. For the current quarter, analysts expect SSRM to generate $384.55M in revenue.
SSR Mining Inc(SSRM) Company Profile
SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Çöpler Gold mine located in Erzincan province, Turkey; the Marigold mine located in Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy province, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.
