SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 95.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,873 shares of the basic materials company’s stock after selling 4,933,151 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of SSR Mining worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SSRM. Point72 Asia Singapore Pte. Ltd. acquired a new position in SSR Mining in the 2nd quarter valued at about $32,000. Quarry LP lifted its holdings in shares of SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 5,649 shares during the period. HB Wealth Management LLC purchased a new position in SSR Mining in the 2nd quarter valued at $56,000. SeaCrest Wealth Management LLC acquired a new position in SSR Mining in the 3rd quarter valued at $57,000. Finally, Xponance Inc. purchased a new position in SSR Mining during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SSRM shares. UBS Group increased their price target on shares of SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com raised SSR Mining from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. One equities research 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. Based on data from MarketBeat, SSR Mining has an average rating of “Hold” and an average target price of $5.18.

SSR Mining Price Performance

Shares of SSR Mining stock opened at $7.25 on Wednesday. The business’s fifty day moving average price is $6.10 and its 200 day moving average price is $5.49. SSR Mining Inc. has a twelve month low of $3.76 and a twelve month high of $11.35. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.47 billion, a P/E ratio of -3.05, a PEG ratio of 1.23 and a beta of 0.69.

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.