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

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Stock Performance

SSR Mining stock traded down $0.22 during midday trading on Friday, reaching $7.44. 3,450,180 shares of the company traded hands, compared to its average volume of 3,382,683. SSR Mining has a 12 month low of $3.76 and a 12 month high of $11.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97. The business has a 50 day moving average of $6.03 and a two-hundred day moving average of $5.46. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -3.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.69.

Institutional Trading of SSR Mining

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its position in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock valued at $75,000 after buying an additional 2,619 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of SSR Mining by 9.8% in the third quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 2,788 shares during the period. Principal Financial Group Inc. increased its stake in shares of SSR Mining by 23.3% in the second quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 3,760 shares in the last quarter. Quarry LP lifted its stake in shares of SSR Mining by 119.7% during the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after buying an additional 5,649 shares in the last quarter. Finally, Cadence Wealth Management LLC boosted its holdings in SSR Mining by 17.1% in the 2nd quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock worth $213,000 after buying an additional 6,860 shares during the period. Institutional investors own 68.30% of the company’s stock.

SSR Mining Company Profile

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.