SSR Mining (NASDAQ:SSRM) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of SSR Mining (NASDAQ:SSRMFree Report) (TSE:SSO) from a hold rating to a sell rating in a research report report published on Wednesday morning.

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

View Our Latest Stock Analysis on SSR Mining

SSR Mining Trading Down 0.8 %

Shares of SSRM stock opened at $7.12 on Wednesday. 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 stock has a market cap of $1.44 billion, a price-to-earnings ratio of -2.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. SSR Mining has a fifty-two week low of $3.76 and a fifty-two week high of $10.66. The firm’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $5.68.

Institutional Trading of SSR Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. raised its stake in 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 acquiring an additional 2,587,212 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of SSR Mining by 16.2% in the 3rd quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company’s stock valued at $18,860,000 after purchasing an additional 462,000 shares during the period. Tidal Investments LLC grew its position in shares of SSR Mining by 6.4% during the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock worth $15,713,000 after buying an additional 166,130 shares during the period. National Bank of Canada FI grew its holdings in 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 valued at $15,551,000 after purchasing an additional 100,946 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in SSR Mining by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,548,252 shares of the basic materials company’s stock worth $8,794,000 after buying an additional 220,349 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SSR Mining (NASDAQ:SSRM)

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