StockNews.com Upgrades SSR Mining (NASDAQ:SSRM) to “Hold”

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

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

SSR Mining Stock Down 2.9 %

Shares of SSR Mining stock opened at $7.44 on Friday. SSR Mining has a 1-year low of $3.76 and a 1-year high of $11.35. The company has a market capitalization of $1.51 billion, a P/E ratio of -3.11, a PEG ratio of 1.34 and a beta of 0.69. The business’s fifty day moving average price is $6.03 and its two-hundred day moving average price is $5.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Institutional Trading of SSR Mining

Several institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in SSR Mining by 18.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,324 shares of the basic materials company’s stock valued at $207,000 after acquiring an additional 7,277 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in SSR Mining during the second quarter valued at approximately $86,000. Bank of New York Mellon Corp boosted its holdings in SSR Mining by 62.2% during the second quarter. Bank of New York Mellon Corp now owns 779,778 shares of the basic materials company’s stock worth $3,517,000 after buying an additional 298,898 shares in the last quarter. HB Wealth Management LLC acquired a new position in SSR Mining in the second quarter worth approximately $56,000. Finally, Principal Financial Group Inc. grew its position in 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 buying an additional 3,760 shares during the last quarter. Institutional investors and hedge funds 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.