SSR Mining (NASDAQ:SSRM) Upgraded 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 report published on Friday.

Separately, UBS Group increased their price target on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.18.

SSR Mining Stock Performance

Shares of SSRM stock opened at $7.62 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.19 and a beta of 0.61. 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 fifty day moving average of $6.66 and a 200 day moving average of $5.90. SSR Mining has a 1 year low of $3.76 and a 1 year high of $10.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC lifted its stake in SSR Mining by 11.3% in the 4th quarter. HB Wealth Management LLC now owns 14,376 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 1,463 shares in the last quarter. HighTower Advisors LLC raised 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 during the period. Quantinno Capital Management LP raised its position in shares of SSR Mining by 9.8% during the 3rd quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock valued at $177,000 after buying an additional 2,788 shares during the period. Quarry LP raised its position 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SSR Mining during the 2nd quarter valued at approximately $32,000. 68.30% of the stock is owned by hedge funds and other institutional investors.

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.