Fintel reports that on February 5, 2025, RBC Capital upgraded their outlook for SSR Mining (TSX:SSRM) from Underperform to Sector Perform.
Analyst Price Forecast Suggests 28.35% Downside
As of January 28, 2025, the average one-year price target for SSR Mining is $9.34/share. The forecasts range from a low of $7.25 to a high of $10.77. The average price target represents a decrease of 28.35% from its latest reported closing price of $13.04 / share.
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The projected annual revenue for SSR Mining is 1,250MM, an increase of 13.81%. The projected annual non-GAAP EPS is 0.82.
What is the Fund Sentiment?
There are 442 funds or institutions reporting positions in SSR Mining. This is an increase of 14 owner(s) or 3.27% in the last quarter. Average portfolio weight of all funds dedicated to SSRM is 0.22%, an increase of 112.76%. Total shares owned by institutions increased in the last three months by 16.59% to 189,590K shares.
What are Other Shareholders Doing?
Van Eck Associates holds 16,838K shares representing 8.32% ownership of the company. In its prior filing, the firm reported owning 18,685K shares , representing a decrease of 10.97%. The firm decreased its portfolio allocation in SSRM by 10.42% over the last quarter.
D. E. Shaw holds 9,732K shares representing 4.81% ownership of the company. In its prior filing, the firm reported owning 8,229K shares , representing an increase of 15.45%. The firm increased its portfolio allocation in SSRM by 36.66% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 9,250K shares representing 4.57% ownership of the company. In its prior filing, the firm reported owning 9,231K shares , representing an increase of 0.21%. The firm increased its portfolio allocation in SSRM by 8.68% over the last quarter.
MIRAE ASSET GLOBAL ETFS HOLDINGS holds 8,277K shares representing 4.09% ownership of the company. In its prior filing, the firm reported owning 7,840K shares , representing an increase of 5.28%. The firm decreased its portfolio allocation in SSRM by 20.44% over the last quarter.
GDXJ - VanEck Vectors Junior Gold Miners ETF holds 7,615K shares representing 3.76% ownership of the company. In its prior filing, the firm reported owning 7,684K shares , representing a decrease of 0.91%. The firm increased its portfolio allocation in SSRM by 9.54% over the last quarter.
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