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

SSR Mining (NASDAQ:SSRM) (TSE:SSO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, UBS Group lifted 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.18.

SSR Mining Trading Up 4.9 %

Shares of SSR Mining stock opened at $7.49 on Thursday. The stock has a market cap of $1.52 billion, a PE ratio of -3.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. The firm has a fifty day moving average price of $6.43 and a 200 day moving average price of $5.74. SSR Mining has a 1 year low of $3.76 and a 1 year high of $10.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.91 and a quick ratio of 1.97.

Institutional Investors Weigh In On SSR Mining

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in 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 worth $8,794,000 after purchasing an additional 220,349 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of SSR Mining in the third quarter valued at approximately $114,000. Franklin Resources Inc. raised its stake in shares of SSR Mining by 649.6% during the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock worth $847,000 after buying an additional 127,401 shares during the period. Tidal Investments LLC raised its stake 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. Finally, Virtu Financial LLC purchased a new position in shares of SSR Mining during the 3rd quarter valued at approximately $334,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

SSR Mining Company 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.