SSR Mining (NASDAQ:SSRM) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of SSR Mining (NASDAQ:SSRM) (TSE:SSO) from a sell rating to a hold rating in a research report report published on Friday.

Separately, UBS Group lifted their target price on shares of SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, SSR Mining currently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Stock Down 0.9 %

SSR Mining stock opened at $7.62 on Friday. SSR Mining has a fifty-two week low of $3.76 and a fifty-two week high of $10.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. The firm has a 50 day moving average price of $6.66 and a 200 day moving average price of $5.90. The company has a market capitalization of $1.54 billion, a PE ratio of -3.19 and a beta of 0.61.

Hedge Funds Weigh In On SSR Mining

A number of institutional investors and hedge funds have recently modified their holdings of the company. D. E. Shaw & Co. Inc. grew its stake in shares of SSR Mining by 45.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company’s stock worth $37,124,000 after purchasing an additional 2,587,212 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of SSR Mining by 16.2% during the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock worth $18,860,000 after purchasing an additional 462,000 shares in the last quarter. Tidal Investments LLC boosted its stake in SSR Mining by 6.4% in the third quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock valued at $15,713,000 after acquiring an additional 166,130 shares in the last quarter. National Bank of Canada FI increased its position in shares of SSR Mining by 3.8% during the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company’s stock worth $15,551,000 after purchasing an additional 100,946 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SSR Mining by 16.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock valued at $8,794,000 after purchasing an additional 220,349 shares during the last quarter. Institutional investors and hedge funds 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.