SSR Mining (NASDAQ:SSRM) Stock Rating Lowered by StockNews.com

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Separately, UBS Group boosted their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.18.

SSR Mining Trading Up 1.1 %

SSRM opened at $5.76 on Wednesday. SSR Mining has a 52 week low of $3.76 and a 52 week high of $12.04. The company has a quick ratio of 1.97, a current ratio of 3.91 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $5.38. The firm has a market cap of $1.17 billion, a P/E ratio of -2.41, a P/E/G ratio of 0.95 and a beta of 0.72.

Institutional Investors Weigh In On SSR Mining

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in shares of SSR Mining by 24.8% in 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 lifted its stake in 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 acquiring an additional 2,788 shares during the last quarter. Principal Financial Group Inc. grew its holdings in SSR Mining by 23.3% during the 2nd quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 3,760 shares in the last quarter. Quarry LP increased its position in shares of SSR Mining by 119.7% in the 2nd quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 5,649 shares during the last quarter. Finally, Cadence Wealth Management LLC raised its holdings in shares of 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 valued at $213,000 after purchasing an additional 6,860 shares in the last quarter. Hedge funds and other institutional investors 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.