SSR Mining (NASDAQ:SSRM) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a sell rating to a hold rating in a research report released on Friday.

Separately, UBS Group lifted their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.18.

SSR Mining Stock Down 0.9 %

Shares of SSR Mining stock opened at $7.62 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. SSR Mining has a 1-year low of $3.76 and a 1-year high of $10.03. The business has a 50-day moving average of $6.66 and a 200-day moving average of $5.88. The company has a market capitalization of $1.54 billion, a PE ratio of -3.19 and a beta of 0.61.

Institutional Trading of SSR Mining

Several institutional investors and hedge funds have recently bought and sold shares of SSRM. D. E. Shaw & Co. Inc. increased its holdings in shares of SSR Mining by 45.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock valued at $37,124,000 after acquiring an additional 2,587,212 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in SSR Mining by 16.2% in the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after purchasing an additional 462,000 shares during the period. Tidal Investments LLC increased its stake in SSR Mining by 6.4% during the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock valued at $15,713,000 after purchasing an additional 166,130 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of SSR Mining by 3.8% during the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock worth $15,551,000 after purchasing an additional 100,946 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after buying an additional 220,349 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.