SSR Mining Inc. (NASDAQ:SSRM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 95.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,873 shares of the basic materials company's stock after selling 4,933,151 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of SSR Mining worth $1,186,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its position in shares of SSR Mining by 45.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company's stock worth $37,124,000 after purchasing an additional 2,587,212 shares during the last quarter. National Bank of Canada FI grew its stake in SSR Mining by 73.7% in the second quarter. National Bank of Canada FI now owns 2,636,902 shares of the basic materials company's stock worth $11,815,000 after purchasing an additional 1,118,417 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SSR Mining by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock valued at $7,542,000 after buying an additional 75,563 shares during the last quarter. Acadian Asset Management LLC raised its stake in SSR Mining by 111.3% during the second quarter. Acadian Asset Management LLC now owns 1,209,763 shares of the basic materials company's stock valued at $5,440,000 after buying an additional 637,161 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in SSR Mining by 25.5% during the 2nd quarter. Mackenzie Financial Corp now owns 883,581 shares of the basic materials company's stock worth $3,992,000 after buying an additional 179,601 shares during the last quarter. Institutional investors and hedge funds own 68.30% of the company's stock.

SSR Mining Stock Performance

Shares of NASDAQ SSRM traded down $0.33 during mid-day trading on Wednesday, hitting $6.92. The company had a trading volume of 4,584,381 shares, compared to its average volume of 3,384,960. SSR Mining Inc. has a 12 month low of $3.76 and a 12 month high of $11.35. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -2.90, a PEG ratio of 1.23 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. The firm's 50 day simple moving average is $6.14 and its two-hundred day simple moving average is $5.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SSRM shares. StockNews.com upgraded SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, December 13th. UBS Group boosted their target price on shares of 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 given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.