The price of SSR Mining Inc (NASDAQ:SSRM) shares last traded on Wall Street rose 3.89% to $5.34.
SSRM stock price is now 8.27% away from the 50-day moving average and -50.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
With the price target reduced from $17 to $5, UBS Downgraded its rating from Buy to Neutral for SSR Mining Inc (NASDAQ: SSRM). On February 20, 2024, RBC Capital Mkts Downgraded its previous ‘Sector Perform’ rating to ‘Underperform’ on the stock reducing its target price from $6 to quote $3, while ‘TD Securities’ rates the stock as ‘Hold’
In other news, Ebbett John, EVP, Growth and Innovation sold 2,076 shares of the company’s stock on Mar 07 ’24. The stock was sold for $9,384 at an average price of $4.52. Upon completion of the transaction, the EVP, Growth and Innovation now directly owns 30,205 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’23, Director Anglin Arthur Michael bought 8,000 shares of the business’s stock. A total of $129,840 was incurred on buying the stock at an average price of $16.23. This leaves the insider owning 52,306 shares of the company worth $0.28 million. A total of 1.18% of the company’s stock is owned by insiders.
During the past 12 months, SSR Mining Inc has had a low of $3.76 and a high of $17.72. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 7.01, and a quick ratio of 3.99.
The net profit margin was -6.87% and return on equity was -2.82% for SSRM. The company reported revenue of $425.9 million for the quarter, compared to $306.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.01 percent.
