B. Riley Wealth Advisors Inc. Makes New Investment in SSR Mining Inc. (NASDAQ:SSRM)

B. Riley Wealth Advisors Inc. acquired a new position in SSR Mining Inc. (NASDAQ:SSRM) (TSE:SSO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the basic materials company’s stock, valued at approximately $114,000.

Other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in SSR Mining in the 2nd quarter worth approximately $32,000. Quarry LP boosted its stake 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 purchasing an additional 5,649 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of SSR Mining during the 3rd quarter valued at $47,000. HB Wealth Management LLC purchased a new position in SSR Mining in the 2nd quarter worth $56,000. Finally, SeaCrest Wealth Management LLC purchased a new position in SSR Mining in the 3rd quarter worth $57,000. 68.30% of the stock is currently owned by institutional investors.

SSR Mining Stock Performance

SSR Mining stock opened at $6.95 on Monday. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.41 billion, a P/E ratio of -2.91, a P/E/G ratio of 1.23 and a beta of 0.69. SSR Mining Inc. has a 1-year low of $3.76 and a 1-year high of $11.22. The firm has a 50-day moving average of $6.21 and a 200-day moving average of $5.54.

Wall Street Analysts Forecast Growth

SSRM has been the topic of a number of recent research reports. UBS Group raised their price objective on SSR Mining from $6.30 to $6.80 and gave the company a “buy” rating in a research note on Tuesday, October 15th. StockNews.com upgraded SSR Mining from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.18.

SSR Mining Profile

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.