Blue Trust Inc. Has $112,000 Position in SSR Mining Inc. (NASDAQ:SSRM)

Blue Trust Inc. lessened its stake in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,110 shares of the basic materials company’s stock after selling 16,504 shares during the quarter. Blue Trust Inc.’s holdings in SSR Mining were worth $112,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of SSR Mining during the 3rd quarter valued at $47,000. SeaCrest Wealth Management LLC acquired a new position in shares of SSR Mining during the third quarter valued at about $57,000. Allspring Global Investments Holdings LLC acquired a new stake in SSR Mining during the third quarter worth about $60,000. Diversified Trust Co acquired a new position in SSR Mining in the 3rd quarter valued at approximately $70,000. Finally, Lincoln Capital LLC bought a new position in SSR Mining during the fourth quarter worth about $70,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Price Performance

NASDAQ SSRM opened at $9.12 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. SSR Mining Inc. has a 52-week low of $3.76 and a 52-week high of $9.82. The business has a 50 day simple moving average of $7.26 and a 200 day simple moving average of $6.16. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -3.82 and a beta of 0.62.

Analyst Ratings Changes

A number of research analysts have issued reports on SSRM shares. Royal Bank of Canada raised SSR Mining from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $5.50 to $8.00 in a report on Wednesday. UBS Group upped their price objective on SSR Mining from $6.30 to $6.80 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of SSR Mining from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, SSR Mining currently has an average rating of “Hold” and an average price target of $6.85.

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.