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 report released on Thursday morning.

Separately, UBS Group raised their price objective on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One research 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, SSR Mining currently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Trading Down 0.9 %

Shares of NASDAQ:SSRM opened at $7.42 on Thursday. SSR Mining has a 52-week low of $3.76 and a 52-week high of $10.63. The company has a market capitalization of $1.50 billion, a P/E ratio of -3.10, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. The company has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $5.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91.

Institutional Trading of SSR Mining

Several institutional investors have recently modified their holdings of the business. HighTower Advisors LLC grew its stake in shares of SSR Mining by 24.8% in the third quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 2,619 shares during the last quarter. Quantinno Capital Management LP grew its stake 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 last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $90,000 after buying an additional 3,760 shares during the period. Quarry LP lifted its holdings in SSR Mining by 119.7% in the second 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. acquired a new position in SSR Mining in the second quarter valued at $32,000. 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.