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 Thursday.

Separately, UBS Group upped their price objective 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, SSR Mining presently has an average rating of “Hold” and an average target price of $5.18.

SSR Mining Price Performance

Shares of NASDAQ SSRM opened at $7.42 on Thursday. The firm’s 50-day moving average price is $6.50 and its 200-day moving average price is $5.79. SSR Mining has a 1-year low of $3.76 and a 1-year high of $10.63. The firm has a market capitalization of $1.50 billion, a P/E ratio of -3.10, a P/E/G ratio of 1.23 and a beta of 0.61. The company has a current ratio of 3.91, a quick ratio of 1.97 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On SSR Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised 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 worth $8,794,000 after acquiring an additional 220,349 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in SSR Mining in the 3rd quarter worth about $114,000. Franklin Resources Inc. grew its position in SSR Mining by 649.6% in the 3rd quarter. Franklin Resources Inc. now owns 147,012 shares of the basic materials company’s stock worth $847,000 after purchasing an additional 127,401 shares in the last quarter. Tidal Investments LLC grew its position in SSR Mining by 6.4% in the 3rd quarter. Tidal Investments LLC now owns 2,766,447 shares of the basic materials company’s stock worth $15,713,000 after purchasing an additional 166,130 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in SSR Mining in the 3rd quarter worth about $334,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.