Arete Wealth Advisors LLC Sells 10,000 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Arete Wealth Advisors LLC reduced its position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) by 50.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the basic materials company’s stock after selling 10,000 shares during the period. Arete Wealth Advisors LLC’s holdings in SSR Mining were worth $57,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of SSR Mining by 24.8% during the 3rd quarter. HighTower Advisors LLC now owns 13,163 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 2,619 shares in the last quarter. Quantinno Capital Management LP increased its position in SSR Mining by 9.8% in the third quarter. Quantinno Capital Management LP now owns 31,107 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 2,788 shares during the last quarter. Principal Financial Group Inc. raised its stake in SSR Mining by 23.3% during the second quarter. Principal Financial Group Inc. now owns 19,899 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 3,760 shares in the last quarter. Quarry LP lifted its position in SSR Mining by 119.7% during the second quarter. Quarry LP now owns 10,368 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 5,649 shares during the last quarter. Finally, Cadence Wealth Management LLC grew its stake in shares of SSR Mining by 17.1% in the 2nd quarter. Cadence Wealth Management LLC now owns 47,068 shares of the basic materials company’s stock worth $213,000 after buying an additional 6,860 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

SSR Mining Stock Down 2.9 %

Shares of NASDAQ SSRM opened at $7.44 on Friday. SSR Mining Inc. has a 1 year low of $3.76 and a 1 year high of $11.35. The firm has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $5.47. The company has a market cap of $1.51 billion, a P/E ratio of -3.11, a PEG ratio of 1.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Analyst Ratings Changes

Several brokerages have recently issued reports on SSRM. StockNews.com upgraded shares of SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday. UBS Group upped their price objective on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research report on Tuesday, October 15th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.