SSR Mining Inc [NASDAQ: SSRM] price plunged by -0.77 percent to reach at -$0.05.
The one-year SSRM stock forecast points to a potential downside of -2.07. The average equity rating for SSRM stock is currently 2.89, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on SSR Mining Inc [SSRM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SSRM shares is $6.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SSRM stock is a recommendation set at 2.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for SSR Mining Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 22, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $6 to $3. The new note on the price target was released on February 20, 2024, representing the official price target for SSR Mining Inc stock. Previously, the target price had yet another drop from $14 to $6, while RBC Capital Mkts kept a Sector Perform rating on SSRM stock.
The Average True Range (ATR) for SSR Mining Inc is set at 0.26, with the Price to Sales ratio for SSRM stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 1.90. Price to Free Cash Flow for SSRM in the course of the last twelve months was 12.26 with Quick ratio for the last quarter at 1.78.
SSRM Stock Performance Analysis:
SSR Mining Inc [SSRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.14. With this latest performance, SSRM shares gained by 8.83% in over the last four-week period, additionally plugging by 16.12% over the last 6 months – not to mention a drop of -55.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SSRM stock in for the last two-week period is set at 63.79, with the RSI for the last a single of trading hit 67.27, and the three-weeks RSI is set at 61.47 for SSR Mining Inc [SSRM]. The present Moving Average for the last 50 days of trading for this stock 5.64, while it was recorded at 6.37 for the last single week of trading, and 5.63 for the last 200 days.
Insight into SSR Mining Inc Fundamentals:
SSR Mining Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.78 and a Current Ratio set at 3.54.
SSRM Stock EPS
With the latest financial reports released by the company, SSR Mining Inc posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SSRM.
SSR Mining Inc [SSRM] Institutonal Ownership Details
There are presently around $74.78%, or 75.47%% of SSRM stock, in the hands of institutional investors. The top three institutional holders of SSRM stocks are: VAN ECK ASSOCIATES CORP with ownership of 18.73 million shares, which is approximately 9.2557%. BLACKROCK INC., holding 10.93 million shares of the stock with an approximate value of $$49.28 million in SSRM stocks shares; and BLACKROCK INC., currently with $$43.63 million in SSRM stock with ownership which is approximately 4.7804%.
