SG Americas Securities LLC Sells 2,605 Shares of SSR Mining Inc. (NASDAQ:SSRM)

SG Americas Securities LLC lessened its stake in shares of SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,000 shares of the basic materials company’s stock after selling 2,605 shares during the quarter. SG Americas Securities LLC’s holdings in SSR Mining were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HB Wealth Management LLC lifted its stake in shares of SSR Mining by 11.3% during 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 during the last quarter. HighTower Advisors LLC lifted its position in shares of SSR Mining by 24.8% during the third 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 last quarter. Quantinno Capital Management LP boosted its holdings in shares of SSR Mining by 9.8% in 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 in the last quarter. Quarry LP boosted its holdings 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 buying an additional 5,649 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SSR Mining in the 2nd quarter worth approximately $32,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

SSR Mining Trading Up 4.3 %

Shares of SSR Mining stock opened at $8.16 on Friday. The firm’s 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $6.06. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.41 and a beta of 0.61. SSR Mining Inc. has a 12-month low of $3.76 and a 12-month high of $9.85. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

A number of equities research analysts recently commented on SSRM shares. 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. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. One research 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, the stock presently has an average rating of “Hold” and an average target price of $5.18.

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.