ValuEngine downgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a buy rating to a hold rating in a research note published on Saturday, ValuEngine reports.

A number of other research firms have also issued reports on SSRM. Citigroup raised their price target on shares of SSR Mining from $14.00 to $16.00 and gave the stock a neutral rating in a research report on Wednesday. Scotiabank raised shares of SSR Mining from a sector perform rating to a sector outperform rating and set a $17.00 price target for the company in a research report on Tuesday, September 10th. TheStreet raised shares of SSR Mining from a c rating to a b- rating in a research report on Monday, August 12th. BMO Capital Markets raised their price target on shares of SSR Mining to $19.50 and gave the stock an outperform rating in a research report on Tuesday, July 23rd. Finally, B. Riley raised their price target on shares of SSR Mining from $16.70 to $18.70 and gave the stock a neutral rating in a research report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $17.31.

Shares of SSR Mining stock traded down $0.40 during midday trading on Friday, hitting $14.21. The company had a trading volume of 1,230,785 shares, compared to its average volume of 1,155,716. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 34.79 and a beta of -0.36. The company has a quick ratio of 2.91, a current ratio of 4.02 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $16.14 and a 200 day simple moving average of $13.53. SSR Mining has a 12-month low of $8.43 and a 12-month high of $17.56.

SSR Mining (NASDAQ:SSRM) (TSE:SSO) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. SSR Mining had a net margin of 4.18% and a return on equity of 4.84%. The firm had revenue of $155.15 million during the quarter, compared to analyst estimates of $143.00 million. During the same period last year, the firm posted $0.10 EPS. SSR Mining’s revenue was up 49.1% on a year-over-year basis. As a group, analysts expect that SSR Mining will post 0.64 EPS for the current year.

Several large investors have recently bought and sold shares of SSRM. FNY Investment Advisers LLC grew its stake in SSR Mining by 1,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 5,000 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 4,750 shares during the period. Aperio Group LLC acquired a new stake in SSR Mining in the 2nd quarter valued at $122,000. FIL Ltd acquired a new stake in SSR Mining during the 1st quarter worth $123,000. USA Financial Portformulas Corp boosted its stake in SSR Mining by 18.5% during the 2nd quarter. USA Financial Portformulas Corp now owns 17,772 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 2,780 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in SSR Mining by 45.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,102 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 5,341 shares during the last quarter. 57.24% of the stock is owned by hedge funds and other institutional investors.

About SSR Mining

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.

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Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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